Section 401(k) retirement plans
GPTKB entity
Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
defined contribution plan
retirement plan |
| gptkbp:allows |
employee salary deferral contributions
employer matching contributions |
| gptkbp:canBeRolledOverTo |
gptkb:IRA
gptkb:another_401(k)_plan |
| gptkbp:catchUpContributionLimit2024 |
$7,500
|
| gptkbp:contributionLimit2024 |
$23,000
|
| gptkbp:earlyWithdrawalPenalty |
10% before age 59½
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 401(k) retirement plans
|
| gptkbp:introducedIn |
1978
|
| gptkbp:investedIn |
bonds
mutual funds exchange-traded funds company stock |
| gptkbp:mayInclude |
gptkb:Roth_401(k)_option
|
| gptkbp:namedAfter |
gptkb:Section_401(k)_of_the_Internal_Revenue_Code
|
| gptkbp:offeredBy |
employers in the United States
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:U.S._Department_of_Labor gptkb:Internal_Revenue_Code_Section_401(k) |
| gptkbp:requiredMinimumDistributionAge |
73
|
| gptkbp:subject |
gptkb:Safe_Harbor_provisions_(optional)
annual reporting requirements required minimum distributions annual contribution limits automatic enrollment (optional) automatic escalation (optional) fiduciary standards hardship withdrawals loan provisions nondiscrimination testing participant disclosures plan amendment rules plan audits (for large plans) plan document requirements plan fees plan termination rules required minimum distribution rules spousal beneficiary rules summary plan description top-heavy rules vesting schedules |
| gptkbp:taxStatus |
pre-tax contributions
tax-deferred investment growth |
| gptkbp:withdrawalAge |
59½
|
| gptkbp:bfsParent |
gptkb:Economic_Recovery_Tax_Act_of_1981
|
| gptkbp:bfsLayer |
5
|