Which Type of Retirement Account Can Your Employer Contribute To?
Key Takeaways: Employers can contribute to several workplace retirement plans, including 401(k) plans, 403(b) plans, 457(b) plans, SIMPLE IRAs, SEP IRAs, and pensions. “Employer contribution” can mean a match, a fixed deposit, or a profit-sharing contribution. Vesting rules determine when any employer contributions are fully yours. With an employer-sponsored retirement plan, you can reach your … Read more