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In the United States, a 401(k) plan is an employer-sponsored defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Employee funding comes directly off their paycheck and may be matched by the employer.
Nominee accounts. Nominee accounts are so named because individuals with this type of account nominate a nominee, usually one of Canada's five major banks or a major investment dealer, to hold a number of different investments in a single account. For example, if an individual buys investment # 1 with one company and investment #2 with another ...
A fund with only pension member accounts which pay the minimum complying pension for the whole year have a tax rate of 0%. These taxes contribute over $6 billion in annual government revenue.  Superannuation is a tax-advantaged method of saving as the 15% tax rate on contributions is lower than the rate an employee would have paid if they ...
Some function as tax shelters (for example, flexible spending, 401(k), or 403(b) accounts). These benefit rates often change from year to year and are typically calculated using fixed percentages that vary depending on the employee’s classification.
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Frontline is an investigative journalism television program from PBS (Public Broadcasting Service), producing in-depth documentaries on a variety of domestic and international stories and issues, and broadcasting them on air and online.