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401(a)...what is it?


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Guest bouncingsoul
Posted

What kind of plan is this?

Posted

Some examples of types of 401(a) plans include profit sharing plans, money purchase pension plans and defined benefit pension plans.

...but then again, What Do I Know?

Posted

The term is used, usually, to contrast with 403(b), SEPP-IRA, 457 or 409A plans. Sometimes it is used incorrectly to contrast with 401(k), which is technically a feature in a 401(a) plan.

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