A 401(k) is a fairly simple plan. It is set up by your employer as a set contribution retirement agreement. That means you are the one who pays into the plan, although your employer and the plan provider who offers your 401(k) do just about all the work. Your 401(k) contribution is automatically deducted from your paycheck each pay period. This money is taken out and invested before your paycheck is taxed.

Yes. Returns have been ahead of the market indexes using such small sets of funds, but not as high as those using a much larger universe of funds. A small number of choices does not allow our system to reach its potential. Also, your available funds must be some of the top performing funds or their TIs will not appear on our web site. We suggest you find another 401(k) with more fund choices, or "roll over" your 401(k) to an IRA if possible. See similar questions...

A 401(k) plan is a defined contribution plan that is a cash or deferred arrangement. You can elect to defer receiving a portion of your salary which is instead contributed on your behalf, before taxes, to the 401(k) plan. Sometimes the employer may match your contributions. There are special rules governing the operation of a 401(k) plan. For example, there is a dollar limit on the amount you may elect to defer each year. The dollar limit is $11,000. See similar questions...

You need to use it with a URL in the form "/foo/bar" and not one with a method and hostname such as "http://host/foo/bar". See the ErrorDocument documentation for details. This was incorrectly documented in the past. See similar questions...

We've built several safeguards into the 401(k) Easy do-it-yourself 401k system to help you keep your 401k in line with ever-changing IRS regulations: We program relevant IRS regulations about contribution limits and compliance testing, among other things, into your 401(k) Easy software. See similar questions...

Because we're long-experienced in all aspects of 401k administration for plans of all sizes, we know plan administrators' needs and have created series of brief, easy-to-read reports that enable plan administrators to find the information they need -- fast -- so they can do their jobs -- fast. See similar questions...

A 401(k) plan is a type of retirement plan offered by an employer under section 401(k) of the Internal Revenue Code. A 403(b) plan is a somewhat different type of retirement plan, which has many of the same features of a 401(k). Since Duke is a tax-exempt, non-profit organization and educational institution we can offer a 403(b) plan. See similar questions...

Participants in a 401(k) plan generally have a decent number of different investment options, nearly all cases a menu of mutual funds. These funds usually include a money market, bond funds of varying maturities (short, intermediate, long term), company stock, mutual fund, US Series EE Savings Bonds, and others. See similar questions...

Your 401(k) plan helps you start regular investing, and stick with it. Your contributions are automatically deducted from your salary before you receive your check. Since the money is deducted from your gross income, you will have a lower taxable income, which means you will pay less in annual taxes. The money you save will accumulate on a tax-deferred basis. This means you pay no federal or state taxes on your contributions or investment earnings until you start withdrawing money from the plan. See similar questions...

long as your 401(k) balance is greater than $2,000, you can take up to 50% of your account balance for purposes of a loan (minimum loan amount is $1,000). There is a $75 loan origination fee and the loan is paid back through payroll deductions (the interest charged is prime plus 2%). Participants are also charged a $50 annual loan fee. Loan requests are made through the Great West Life Annuity and generally take about 2-3 weeks to process all the necessary paperwork. See similar questions...

For Employees: 401(k) plans are popular with employees because they are able to divert a portion of their salary into an account that is set aside for their retirement while simultaneously reducing their current tax bill. Employees are not required to pay income tax on these salary deferrals until they take the money out of the 401(k) plan, at some time in the future. See similar questions...

All reporting and disclosure requirements must be satisfied by the plan administrator. The completion of the forms which must be submitted when a participant enters the 401(k) plan, the preparation of series 5500 forms, a Summary Annual Report and a statement to participants of their account balance are a few of the administrative functions of a 401(k) plan. See similar questions...

A Roth 401(k) is a feature that allows participants to contribute to their retirement on an AFTER TAX basis. As long as the money remains in a plan for at least 5 years, the distribution (even the earnings!) will be TAX FREE. See similar questions...

of this time, the IRS has not finalized regulations about Roth 401(k) contributions. Therefore, distributions (including hardship distributions and loans) will not be able to be made from Roth 401(k) money until the final rules are issued. We expect these rules early in 2006. Of course, a participant would still have access to his account balance from other money sources. See similar questions...

You may contact Putnam Investments at 1-877-JIB-401K (1-877-542-4015) 24 hours a day, 7 days a week to obtain account balance information, to change investment funds, or to request a distribution or loan. Remember to have your PIN number available when you call. You may also obtain your account balance online at www.ibenefitcenter.mercerhrs.com. Yes, and it varies by year in accordance with IRS regulations. See similar questions...