Holicent
VIP Contributor
401(h) trusts are a popular way for employers to offer their employees a retirement plan. They are designed to allow individuals to save for retirement outside of their employer's plan, but still have access to the same benefits as other participants in the company's plan.
The 401(h) trust is distinct from the traditional 401(k) savings plan, which is usually offered by an employer only to salaried employees and not covered by a pension plan. It can be used by retirees as well as active employees who want to save for their own retirement accounts.
401(h) trusts are an important part of retirement planning, because they can help you save and grow your savings faster than you could on your own. A 401(h) trust is a type of legal entity that allows you to control the assets in your account, and take advantage of certain tax benefits. This includes being able to make contributions to the account, or changing the beneficiary at any time.
The 401(h) trust is distinct from the traditional 401(k) savings plan, which is usually offered by an employer only to salaried employees and not covered by a pension plan. It can be used by retirees as well as active employees who want to save for their own retirement accounts.
401(h) trusts are an important part of retirement planning, because they can help you save and grow your savings faster than you could on your own. A 401(h) trust is a type of legal entity that allows you to control the assets in your account, and take advantage of certain tax benefits. This includes being able to make contributions to the account, or changing the beneficiary at any time.