Destel Bergen Corporation
Types of Plans
Money Purchase
Multiple Employer
New Comparability
Profit Sharing
Roth 401(k)
Safe Harbor 401(k)
Solo 401(k)
401-K Plans

401(k) is the best known section of the Internal Revenue Code. And with good reason; never before have employees had such flexibility coupled with a tax advantaged way to save for retirement. Since their introduction, 401(k) plans have become the most popular among the qualified plans.

A 401(k) plan is again a special form of profit sharing plan.

In a 401(k) plan, employees elect to defer part of their earnings which are then deposited into a 401(k) account. Such deferrals reduce the taxable income of the employee for income tax purposes. (But are still subject to Social Security, Medicare and FICA taxes.)


Destel-Bergen Corporation Retirement Plan Consultants | 707.736.6937 | e-mail:
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