What is a 401(K) plan ?
401(K) plans are designed to encourage long term retirement savings by employees. In some plans, the employer may contribute a matching percentage to the employee's contribution amount. 401(K) plans must meet a variety of IRS rules. Speak to your local CPA about setting up a 401(K) plan for your company.
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If you need help with "Retirement Planning" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.