Select your state

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 These contributions and any earnings from the 401(k) investments are not taxed until they are withdrawn.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 Idaho, as in other states, an employer 401(k) plan is a retirement savings plan sponsored by employers that allows employees to save and invest for their retirement on a tax-deferred basis. Employees can choose to have a portion of their pre-tax salary invested in various investment options, which often include a selection of mutual funds. The contributions made to a traditional 401(k) plan, along with any investment earnings, are not subject to federal or state income tax until the employee withdraws the money, typically after reaching retirement age. The specific rules and regulations governing 401(k) plans are established by federal law under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. Idaho state law does not have distinct regulations for 401(k) plans, so the federal guidelines are the primary governing standards for such plans in Idaho.

Legal Articles

State Statutes

As a LegalFix Member You Will Be an Important Client of Local Law Firms

For about 82¢ a day you can have a LegalFix Legal Plan that includes initial consultations with an attorney at no additional charge—and additional legal services at reduced rates—all from top law firms in your state. Don't wait—be prepared for life's inevitable legal challenges, starting today.

And ask your employer, credit union, or membership group to offer LegalFix for even better pricing.

Investments

Employer 401(k) plan

As a LegalFix Member You Will Be an Important Client of Local Law Firms

Articles

Idaho State Code

Idaho State Code

Investments

Employer 401(k) plan

Articles