The 401(k) originally began as a company profit-sharing plan. Companies had been funding defined benefit pensions for years, but as their annual profits and stock prices experienced volatility, they looked for ways to share that burden with employees. Through profit sharing, workers made money when the company did and made less during down years. While…
The post Fresno Retirement Consultant News: Let’s Talk About … the 401(k) appeared first on Soutas Financial & Insurance Solutions Inc..
source https://soutas.com/fresno-retirement-consultant-news-lets-talk-about-the-401k/?utm_source=rss&utm_medium=rss&utm_campaign=fresno-retirement-consultant-news-lets-talk-about-the-401k
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.