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 Qualified Retirement Plans
401(k) Plans
A 401(k) plan is a retirement program that allows employees to divert a portion of their salary to a company-sponsored qualified plan under which plan participants have an option to put money in the plan (up to $12,000 in 2002) or receive the same amount as taxable compensation. Amounts contributed to the plan under this option are not taxable to the participants until withdrawn. For more information, please contact us or your Financial Advisor | |
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