401(k) 101: A Benefit for Employers and Employees Alike
HR Daily Advisor
OCTOBER 24, 2017
A 401(k) plan offers employees the opportunity to defer a portion of their compensation into individual tax-deferred accounts on a pretax basis, thus avoiding income tax on those “deferred compensation” amounts until the money in their accounts is distributed. Before joining CER in 2005, Ms. designer491 / iStock / Getty Images Plus.
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