401k
RETIREMENT
PLAN




401k, Safe Harbor 401(k), Profit-Sharing, IRS,
Retirement,IRS Retirement ,profit-sharing plans,
retirement plan, guide, small employers, tax,
income taxes deferring income taxes, annual
minimum contributions, employee’s compensation,
Participant's retirement benefits, account,
account balance, salary, salary deferrals,
Profit-Sharing, resources, plan,Individual
Retirement Account, IRA,advise, rules, plan,
withdrawal, loan, distribution, hardship,
small business, benefit, worker, workers.




401k

IRA

RESOURCE ABOUT PLAN

401K LINKS

401K RESOURCES



BACK TO TOP



SECTION 1



401k




In the United States of America, 401(k) plan
allows a worker to save for retirement while
deferring income taxes on the saved money
and earnings until withdrawal.

The employee elects to have a portion of his
or her wage paid directly, or "deferred,"
into his or her 401(k) account.


In participant-directed plans
(the most common option),


the employee can select from a number of
investment options, usually an assortment
of mutual funds that emphasize stocks,
bonds, money market investments, or some
mix of the above.

Many companies' 401(k) plans also offer
the option to purchase the company's stock.
The employee can generally re-allocate
money among these investment choices at
any time.

In the less common trustee-directed 401(k)
plans, the employer appoints trustees who
decide how the plan's assets will be
invested.



401k
http://en.wikipedia.org/wiki/401k




BACK TO TOP



SECTION 2



IRA
INDIVIDUAL
RETIREMENT
ACCOUNT




An Individual Retirement Account (or IRA)
is a retirement plan account that provides
some tax advantages for retirement savings
in the United States.




BACK TO TOP



SECTION 3



RESOURCE
ABOUT
PLAN




Safe Harbor 401(k)



Can be set-up by any employer other than a
state or local government entity

Participant's retirement benefits based on
participant’s account balance

Allows employees to contribute to their own
retirement through salary deferrals, up to
$16,5001 and an additional $5,5001 if age 50
or older

Employer is required to make annual minimum
contributions

The maximum combined employer and employee
contributions are the lesser of 100% of an
employee’s compensation or $49,0001 or more
if catch-up contributions

May exclude certain employees from coverage
as long as annual coverage tests are met

More complex to set up and operate

Annual return could be required

Some annual nondiscrimination testing could
be required

Greater design flexibility

Plan may allow loans and hardship withdrawals

Immediate vesting in full account balance




401(k)



Can be set-up by any employer other than
a state or local government entity

Participant's retirement benefits based
upon participant’s account balance

Allows employees to contribute to their
own retirement through salary deferrals,
up to $16,5001 and an additional $5,5001
if age 50 or older

Although not required, the employer can
contribute to an employee’s retirement
account

The maximum combined employer and employee
contributions are the lesser of 100% of an
employee’s compensation or $49,000 for
20091 or more if catch-up contributions

May exclude certain employees from coverage
as long as annual coverage tests are met

More complex to set up and operate

Annual return usually required

Must usually satisfy annual nondiscrimination
testing

Greater design flexibility

Plan may allow loans and hardship withdrawals

Immediate vesting in employee's own
contributions




Profit-Sharing



Can be set up by any employer

Participant's retirement benefits based upon
participant’s account balance

Can include a feature allowing employees to
contribute to their own retirement through
salary deferrals, up to $16,500 1 and an
additional $5,5001 if age 50 or older

The employer can decide each year whether
and how much to contribute

The maximum annual contributions are the
lesser of 25% of an employee’s compensation
or $49,0001 or more if catch-up contributions

May exclude certain employees provided annual
coverage tests are met

More complex to set up and operate

Annual return usually required

Must usually satisfy annual nondiscrimination
testing

Greater design flexibility

Plan may allow loans and hardship withdrawals

May delay vesting of employer contributions



401(k) Info for Employers
http://www.retirementplans.irs.gov




BACK TO TOP



SECTION 4



401K
LINKS




401khelpcenter.com
http://www.401khelpcenter.com/

402k
http://www.retirementplans.irs.gov/c

401k.org
http://www.401k.org/

401(k) Plans For Small Businesses
http://www.dol.gov/ebsa/publications/401kplans.html

Employee Benefit Research Institute Data and Research on 401(k)
http://www.ebri.org

Frontline: Can You Afford to Retire?
http://www.pbs.org/wgbh/pages/frontline/retirement/view/

IRS 401(k) Basics
http://www.irs.gov/taxtopics/tc424.html

IRS Publication 575, Pension and Annuity Income
http://www.irs.gov/publications/p575/

PSCA Profit Sharing/401(k) Council of America
http://www.psca.org



BACK TO TOP



SECTION 5



401K
RESOURCES




Australia's

Superannuation in Australia
http://en.wikipedia.org/wiki/Superannuation_in_Australia


Canada's

Registered Retirement Savings Plan
http://en.wikipedia.org/wiki/Registered_Retirement_Savings_Plan


France's

Special Retirement Plan
http://en.wikipedia.org/wiki/French_special_retirement_plan


Germany's

Betriebliche Altersversorgung
http://de.wikipedia.org/wiki/Betriebliche_Altersversorgung


New Zealand's

KiwiSaver System
http://en.wikipedia.org/wiki/KiwiSaver


The United Kingdom's

Pension Provision
http://en.wikipedia.org/wiki/Pension_provision_in_the_United_Kingdom



BACK TO TOP



401(k) versus IRA matrix
http://en.wikipedia.org/wiki/401(k)_IRA_matrix



403(b)
http://en.wikipedia.org/wiki/403(b)



457 plan
http://en.wikipedia.org/wiki/457_plan



Thrift Savings Plan- United States federal employees retirement plan
http://en.wikipedia.org/wiki/Thrift_Savings_Plan



Retirement In The US
http://en.wikipedia.org/wiki/Category:Retirement_in_the_United_States




BACK TO TOP



15 STYLES OF THINKING

HOME

CAREER HOME PAGE

LAW OF SUCCESS

E-MAIL