Use This Free App To Help With Your 401K
A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.
-Elective salary deferrals are excluded from the employees taxable income (except for designated Roth deferrals).
-Employers can contribute to employees accounts.
-Distributions, including earnings, are includible in taxable income at retirement (except for qualified distributions of designated Roth accounts).
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