WOW.com Web Search

Visit the online learning community for classes ranging from cooking, wellness and travel, to tech, arts, finance and more. Already a subscriber? Visit mybenefits.aol.com to activate this benefit. Or, call 1-800-358-4860 to sign up for a plan today!

In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodical employee contributions come directly out of their paychecks, and may be matched by the employer.

x. AOL works best with the latest versions of the browsers. You're using an outdated or unsupported browser and some AOL features may not work properly.

Automatic Data Processing, Inc. ( ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey . History [ edit] In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub.

The plan is similar to a 401 (k) plan, but with lower contribution limits and simpler (and thus less costly) administration. Although it is termed an IRA, it is treated separately. Conduit IRA – a traditional IRA funded exclusively with a transfer from a qualified plan, such as a 401 (k) plan.