
What are 401(k) Retirement Plans?
A 401(k) is a tax-advantaged retirement savings plan offered by employers, allowing employees to contribute pre-tax income, with many employers offering matching contributions. Grow your nest egg for the future.
Key Features:
Pre-Tax Contributions
Employer Match
Tax-Deferred Growth
Vesting Schedules
Roth 401(k) Option
Loan Provisions
FAQ
How much can I contribute to a 401(k)?
Contribution limits are set by the IRS and may change yearly. For 2025, you can contribute up to $23,000, plus an additional $7,500 if you’re age 50 or older.
What is an employer match?
Many employers match a portion of your contributions—it's free money for your retirement, up to plan-specific limits.
What is a Roth 401(k)?
A Roth 401(k) lets you contribute after-tax dollars, so withdrawals in retirement are tax-free if requirements are met.
Can I borrow from my 401(k)?
Some plans allow loans or hardship withdrawals. Understand the rules, fees, and tax implications before accessing your funds.