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 These contributions and any earnings from the 401(k) investments are not taxed until they are withdrawn.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 Montana, as in other states, an employer 401(k) plan is a retirement savings program that is sponsored by an employer. It allows employees to save and invest a portion of their paycheck before taxes are taken out. The contributions made to a traditional 401(k) plan are tax-deferred, meaning they reduce an employee's taxable income, and the taxes on these contributions and any associated earnings are deferred until the funds are withdrawn, typically at retirement. The specific rules and regulations governing 401(k) plans are established at the federal level, primarily under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. Employers in Montana offering a 401(k) plan must comply with these federal regulations, which set standards for plan participation, funding, vesting, and the fiduciary responsibilities of plan managers.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Investments

Employer 401(k) plan

Individual & Family Legal Plan

Articles

Montana State Code

Montana State Code

Investments

Employer 401(k) plan

Articles