401(k) retirement savings plans
GPTKB entity
Statements (47)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Individual Retirement Account
|
| gptkbp:administeredBy |
employers
|
| gptkbp:allows |
employer matching contributions
tax-deferred contributions employee elective deferrals |
| gptkbp:catchUpContributionLimit2024 |
$7,500
|
| gptkbp:contributionLimit2024 |
$23,000
|
| gptkbp:countryOfOrigin |
gptkb:United_States
|
| gptkbp:eligibility |
employees of participating employers
|
| gptkbp:establishedBy |
gptkb:Revenue_Act_of_1978
|
| gptkbp:feature |
portability
annual reporting requirements hardship withdrawals loan provisions nondiscrimination testing plan fees pre-tax contributions summary plan description vesting schedules automatic enrollment fiduciary oversight investment choices qualified domestic relations order (QDRO) rollover options |
| https://www.w3.org/2000/01/rdf-schema#label |
401(k) retirement savings plans
|
| gptkbp:investedIn |
bonds
mutual funds stocks target-date funds |
| gptkbp:namedAfter |
gptkb:Section_401(k)_of_the_Internal_Revenue_Code
|
| gptkbp:penaltyForEarlyWithdrawal |
10%
|
| gptkbp:purpose |
retirement income security
|
| gptkbp:regulates |
gptkb:Department_of_Labor
gptkb:Internal_Revenue_Service |
| gptkbp:relatedTo |
gptkb:IRA
pension plans 403(b) plans |
| gptkbp:subject |
early withdrawal penalties
required minimum distributions annual contribution limits |
| gptkbp:taxationOnWithdrawal |
ordinary income tax
|
| gptkbp:variant |
gptkb:Roth_401(k)
Safe Harbor 401(k) Solo 401(k) |
| gptkbp:withdrawalAge |
59½
|
| gptkbp:bfsParent |
gptkb:26_U.S.C._§_401(k)
|
| gptkbp:bfsLayer |
7
|