What Exactly are 401k Plans and Its Benefits? »
By Fred on Mar 2, 2010 in Retirement Planning | 0 Comments
What exactly are 401k plans? A 401k plan is a type of an employer sponsored retirement plan for the employees of the organization. The plans are generally grouped into 2 main categories: defined benefit and defined contribution plans. In the case of the defined benefit plan, the employer promises to pay the retired employee a [...]