A 401(a) plan is an employer-sponsored plan that allows employees to contribute money to it on their own behalf, as well as their employers. The plan can also allow employees to vest their contributions over time, and the employer can also set other rules around how the funds can be used. Employees can also withdraw money from their 401(a) plan through a variety of means, including a rollover to a different retirement plan, a lump-sum payment, or an annuity….(read more)
LEARN MORE ABOUT: 401a Plans
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