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Group Employee 401K Benefit Planning in NJ and NYC
A 401(k) plan is a qualified employer established plan to which eligible employees make salary deferral contributions on a pre-tax basis.
Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit sharing feature to the plan.
Earnings in a 401(k) plan accrue on a tax deferred basis.