A 401(k) plan allows every employee and their employer to leverage investments in a pool of retirement income. Typically, employers offer a matching contribution based on calculations that compensate for your company’s bottom line.

These plans permit a percentage of pre-tax employee income to be diverted to a qualified investment plan they can be drawn from in retirement. The beauty of the 401(k) plan is tax-deferred earnings levied at a lower tax rate upon fund distribution.

Offering a spread of mutual funds composed of stocks, bonds, and money market funds, popular options include target-date funds that combine stocks and bonds that meet more conservative investment targets as your retirement approaches.

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401(k) Retirement Plans Providers Serving VA, MD, and DC