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Why is 401k called that?

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Sounds like a spoonful of alphabet soup doesn't it? :) 401(k) refers to a section of the Internal Revenue Code under ERISA (Employee Retirement Income Security Act) passed by the U.S. read more

401(k) plans are named after section 401(k) of the Internal Revenue Code (IRC). The Revenue Act of 1978 added section 401(k) to the IRC when signed into law by President Carter on November 6th of that year. read more

I'm invested in my company's 401K plan, yet I know so little about them. I would like to learn without being overwhelmed with financial speak. read more

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