Benefits - 401(k) Retirement Investment PlanEmployees nationwide have been appreciating the advantages of pre-tax retirement investment options and Chancellor & Chancellor is happy to offer this benefit to its employees.
After ninety days service with Chancellor & Chancellor, we offer all temporary contract employees participation in our 401(k) salary reduction retirement plan. The employee then has thirty days to decide whether or not to enroll in the plan.
A 401(k) plan is a retirement plan in which you make payroll contributions on a pre-tax basis to build retirement savings. The money you choose to put into this plan (up to a federally set maximum per year) will not be taxed when it is invested. You will save now as less Federal and State taxes will be withheld from your paycheck. Further, the contributions you put into the plan will be invested. Any interest, earnings or gains will not be taxed as long as your investment remains within a 401(k) plan.
Interesting Investment Links on the Web
Charles Schwab Web Site
Lombard Institutional Brokerage
Dreyfus Capital Management
Fidelity Investment's Web Site
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