Topic: Pension Versus 401k Plan
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Answers to Common Questions
What is a pension plan or a 401 k ?
A pension plan is money put aside by your employer that is paid to you after you retire, normally in monthly installments. As this money isn't earned by you, you pay no taxes when it is put aside, but will owe taxes on the installments when... Read More »
Source: http://answers.yahoo.com/question/index?qid=20090911170121AA0lK6W
What is the difference between a 401k plan and a Pension plan?
You typically don't fork over any of your paycheck to participate in a defined benefit plan. Your employer does. But you do have to put your own money into a defined contribution plan like a 401k. Read More »
Source: http://www.chacha.com/question/what-is-the-difference-between-a-4...
Why do firms prefer to offer 401K's over pension plans?
401K - it's your money that's being invested (though the company may offer matching funds), and you get to make the investing decisions. Pension - it's usually the company's money, and the company is responsible for managing the investments... Read More »
Source: http://answers.yahoo.com/question/index?qid=20111109090744AAFAkSv
More Common Questions
Answers to Other Common Questions
Retirement plans are losing value. The stocks and funds inside of those plans are dwindling.
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Source: http://answers.yahoo.com/question/index?qid=20090313165853AADe6XV
if i give you a fish - you only eat for a day if i teach you HOW to fish - you'll eat for the rest of your life a "pension" is guaranteed income when you retire a "401-k" plan is pure garbage.....you might only have $2,000 when you retire S...
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Source: http://answers.yahoo.com/question/index?qid=20100308093525AAd14xz
Employers must transmit employee contributions to pension plans as soon as they can reasonably be segregated from the employer’s general assets, but not later than the 15th business day of the month immediately after the month in which the...
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Source: http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html
EBSA has developed an Abandoned Plan searchable database to help participants and beneficiaries find out if a particular plan is in the process of being, or has been, terminated. The site is searchable by plan name or employer name and will...
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Source: https://www.dol.gov/ebsa/faqs/faq-abplanreg.html
I don't know any company that doesn't! They usually have a stepped up program for 401K vesting to keep an employee committed to the company. I've become fully vested with several companies I've worked for in my career.
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Source: http://answers.yahoo.com/question/index?qid=20111025231005AA2zfBQ
No such bill has been proposed. Yet. The House Armed Services Committee has been looking at several ways to cut Defense spending (pay and entitlements account for approximately 40% of our Nation's Defense budget) and this is something that ...
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Source: http://answers.yahoo.com/question/index?qid=20111012235402AAIpyRS
I guess I would have to say most pension plans. The problem with them is that there is a very long period required to become vested, normally 10 years. I do not know what the actual statistics are for the number of years that the average pe...
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Source: http://answers.yahoo.com/question/index?qid=20061226002020AAJ3EHU
