Why Is It Called a 401(k)?Why Is It Called a 401(k)?Did you know that the term 401(k) comes directly from the Internal Revenue Service tax code? Section 401, paragraph (k) allows employers to offer these tax-deferred plans as a way for employees to save for retirement.
Did you know that the term 401(k) comes directly from the Internal Revenue Service tax code? Section 401, paragraph (k) allows employers to offer these tax-deferred plans as a way for employees to save for retirement.
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