401(k) Plan Questions & Answers

1. What is a 401(k) plan?

2. How are contributions to my 401(k) invested?

3. May I transfer between the different investment options?

4. What is the maximum I can contribute to my 401(k) plan annually?

5. May I change my contribution level?

6. If I stop contributing to the plan, can I restart in the future?

7. How can I access money from my 401(k) plan?

8. Are there charges for withdrawals?

9. When am I required to withdraw my money?

10. What happens if I leave my current employer?

11. What happens to my 401(k) plan when I die?

12. What are the expenses/fees?

13. What is age "50+ catch-up"?