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Retirement Planning

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  2. Tax Knowledge Database
  3. Retirement Planning
  4. What is a 401(K) plan ?

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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