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A 401K is a defined contribution plan offered to employees by their corporation. This plan enables employees to set aside tax-deferred income for retirement purposes. Tax-deferred income, it means that the taxes on the income (contributed toward the retirement account) are delayed for a certain period of time. In some cases,

employers will match the employee’s contribution, dollar-for-dollar. The funds can be withdrawn without penalty tax after the employee has reached an age close to retirement.

Contact us with your questions or fill out our online quote request to find the best 401K plan for your organization.