401(k) plans

 

A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.

  • Elective salary deferrals are excluded from the employee’s taxable income (except for designated Roth deferrals).
  • Employers can contribute to employees’ accounts.
  • Distributions, including earnings, are includible in taxable income at retirement (except for qualified distributions of designated Roth accounts).

See the 401(k) Resource Guide for details on 401(k) topics for plan participants and plan sponsors.

Choose a 401(k) plan

Establish a 401(k) plan

Participate in a 401(k) plan

Operate and maintain a 401(k) plan

Correct a 401(k) plan

Terminate a 401(k) plan

Additional resources for 401(k) plans