Guest scrosby Posted March 7, 2002 Posted March 7, 2002 What is the purpose of having a 401(k) Plan under a Cafeteria Plan umbrella (or, can this be done?)?
david rigby Posted March 7, 2002 Posted March 7, 2002 The 401(k) is not really "under" the cafeteria plan, but it is linked. The purpose is to permit the employee to save extra dollars (typically not matched). It is usually not relevant in a 125 plan that is "premium only." I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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