|
gptkbp:instanceOf
|
Individual Retirement Account
|
|
gptkbp:administeredBy
|
employer
|
|
gptkbp:advantage
|
tax-deferred growth
|
|
gptkbp:alternativeTo
|
gptkb:403(b)
gptkb:457(b)
pension plan
|
|
gptkbp:contribution
|
gptkb:Roth_(after-tax)
employee
employer
pre-tax
|
|
gptkbp:countryOfOrigin
|
gptkb:United_States
|
|
gptkbp:earlyWithdrawalPenalty
|
10%
|
|
gptkbp:establishedBy
|
gptkb:Revenue_Act_of_1978
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
401(k)
|
|
gptkbp:investedIn
|
bonds
mutual funds
stocks
|
|
gptkbp:maximumCatchUpContribution2024
|
$7,500
|
|
gptkbp:maximumEmployeeContribution2024
|
$23,000
|
|
gptkbp:namedAfter
|
gptkb:Section_401(k)_of_the_Internal_Revenue_Code
|
|
gptkbp:purpose
|
retirement savings
|
|
gptkbp:regulates
|
gptkb:Department_of_Labor
gptkb:Internal_Revenue_Service
|
|
gptkbp:requiredMinimumDistributionsBegin
|
age 73
|
|
gptkbp:rolloverAllowedTo
|
gptkb:IRA
another 401(k)
|
|
gptkbp:subject
|
gptkb:ERISA
gptkb:qualified_default_investment_alternative_(QDIA)
fiduciary responsibility
required minimum distributions
investment risk
annual contribution limits
automatic enrollment (optional)
nondiscrimination testing
participant disclosures
plan fees
plan termination rules
summary plan description
vesting schedule
annual reporting (Form 5500)
employer match (optional)
hardship withdrawals (optional)
highly compensated employee rules
loan provisions (optional)
plan amendments
plan audits (if applicable)
plan document rules
safe harbor provisions (optional)
|
|
gptkbp:withdrawalAge
|
59½
|
|
gptkbp:bfsParent
|
gptkb:LIRP
gptkb:Retirement_Security
gptkb:Kiana_James
gptkb:Defined_Contribution_Pension_Plan
|
|
gptkbp:bfsLayer
|
6
|