2007-09-03 10:18:46 · 3 answers · asked by kirit a 1 in Business & Finance ➔ Personal Finance
Do you mean 401k?
Yes, almost any company can offer a 401k plan to their employees. The plan could be setup with a company like Fidelity or T. Rowe Price. Features of the plan vary from employer to employer.
Companies that I believe cannot offer that benefit are non-profit companies/organizations and government entities. In some of those cases they can either offer 403b or some other salary deferral plans.
2007-09-03 11:03:26 · answer #1 · answered by je094 3 · 0⤊ 0⤋
Most companies can, but relatively few choose to. Mostly large companies that are in the S&P 500 like Coke, McDonald's, etc. 801K is an invented newsletter marketing/teaser term for a DRIP plan, which is a way to invest directly in a company and reinvest dividends without going through a broker, no particular relation to retirement or 401K plans. This is explained in full at the link below:
2007-09-06 08:43:51 · answer #2 · answered by one_guys_investments 2 · 0⤊ 0⤋
Section 801(k) of the US Internal Revenue code does not exist. Therefore I will conclude you are referring to a 401(k). That is the popular name for an employer sponsored retirement plan as authorized by section 401(k) of the Internal revenue code.
The short answer is yes, nearly any employer can set up such a plan. No company is required to offer a 401(k).
2007-09-03 12:31:57 · answer #3 · answered by STEVEN F 7 · 1⤊ 0⤋