Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Sunday, June 3, 2018
Occupational pension schemes in the USA
The most common type of retirement arrangement maintained by private employers is the 401(k) plan, which is a defined contribution plan under which an account is established for each employee participant, who determines how the funds in his or her account will be invested based on investment options offered by the plan.
This permits employees to defer a portion of their taxable income and pay tax on those deferrals and accumulated earnings when distributed after the termination of employment. Employers typically contribute:
matching contributions that match employee deferrals; or
non-elective contributions that are a percentage of employee compensation.
READ MORE HERE
No comments:
Post a Comment
Newer Post
Older Post
Home
View mobile version
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment