I'm invested in my company's 401K plan, yet I know so little about them. I would like to learn without being overwhelmed with financial speak.
2006-11-06 07:57:50 · 3 answers · asked by Tomato Head 1 in Business & Finance ➔ Personal Finance
It's named after a section (section 401(k)) of the Internal Revenue Code. Check out the link below to view the entire section.
2006-11-06 08:06:46 · answer #1 · answered by Mag999nus 3 · 2⤊ 1⤋
Why Is It Called 401k
2016-09-29 05:20:19 · answer #2 · answered by bricknell 4 · 0⤊ 0⤋
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RE:
Why is it called a 401K plan?
I'm invested in my company's 401K plan, yet I know so little about them. I would like to learn without being overwhelmed with financial speak.
2015-08-06 18:45:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
For the best answers, search on this site https://shorturl.im/uc8Mk
that's the reg number in the IRS Rules and Regulations book.
2016-03-27 06:48:20 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I always thought it meant that when it was coined you needed $401,000 to retire. Boy was I wrong :)
2014-09-20 20:50:56 · answer #5 · answered by NYFB 2 · 7⤊ 0⤋