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What is the 401K plan?

by JimBerry, Window Shopper

  • Created: November 5, 2012, 5:01 am
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2 comments
What is the 401K plan? I have got a number of explanations from different people but have never understood it completely. Can anyone explain it to me? Also please do let me know whether I can participate in my employer's 401K plan and set up SEPIRA for self- employment income?
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JimBerry | Window Shopper | 11/12/2012 - 6:41 am

Thanks jtowbin for the useful link you provided. Got some really useful info
and cleared almost all my queries and confusions regarding the 401K plan.
Thanks again.

jtowbin | Community Moderator | 11/5/2012 - 12:10 pm

Great Question. A good place to start is on our Optional Employee Benefits section, which included information about retirement and pension plans like a 401(K). Also, you can find additional information on the Department of Labor 401(k) Plans for Small Business page.