401(k) Retirement Benefit Plan
June. 25,2023
The 401(k)-retirement benefit plan is a deferred taxation pension account plan created by the United States in 1981. The United States government has specified the relevant provisions in Article 401(k) of the National Tax Law, so it is referred to as 401(k) plan. There are many types of retirement plans in the United States. Like civil servants, university employees provide pensions in accordance with their laws, and 401(k) is used only as employees of private companies.