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Investments

Employer 401(k) plan

An employer 401(k) plan is an employer-sponsored retirement savings plan that gives employees a choice of investment options—typically mutual funds. Employees who participate in a traditional 401(k) plan have a portion of their pre-tax salary invested directly in the option or options they choose. These contributions and any earnings from the 401(k) investments are not taxed until they are withdrawn.

In Georgia, as in other states, an employer 401(k) plan is governed by federal law, specifically the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. Employers in Georgia can offer 401(k) plans to their employees as a benefit, allowing them to contribute a portion of their pre-tax salary to selected investment options, usually mutual funds. The contributions made by employees, as well as any earnings on the investments, are tax-deferred, meaning they are not subject to income tax until the employee withdraws the funds, typically upon retirement. The state of Georgia does not have specific laws that alter the federal regulations regarding 401(k) plans, so the operation of these plans in Georgia aligns with the federal standards set by ERISA and the IRS.

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Investments

Employer 401(k) plan

Individual & Family Legal Plan

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Georgia State Code

Georgia State Code

Investments

Employer 401(k) plan

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