By Amber Deter A 401(k) is an employer-sponsored retirement plan. Its name comes from Section 401(k) in the Revenue Act of 1978. This allows employers to offer tax-advantaged savings accounts to employees. Employees can set up contributions from their paycheck, and most employers offer contribution matching up to a certain amount.
As money piles up in a 401(k), you can start putting it to work for you. The 401(k) plan providers offer different investment options. And the sooner you start investing, the more money you’ll have in the future. So, let’s look at some common 401(k) questions…
401(k) Employee Contribution Limits for 2019
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