What Are The Different Kinds Of 401k Plans
There are several different types of 401 K plans to choose from. Funds can be invested into stocks, bonds, real estate, etc.
Mutual funds take sums of money from many individuals and pool it together. Each person owns a share of the fund representing a part of the fund's holdings. A professional investment adviser manages the funds by following a specific investment policy. There are investment management and administration fees, as well as various other charges.
A Collective Investment Fund is a trust fund that is managed by a bank or a trust company. They pool investments, and each investor has an interest in the trust fund assets. They are similar to mutual funds in that they have different investments objectives. There are investment management and administrative fees.
Variable annuity contracts are offered between an insurance company and an employer on behalf of a plan. Those participating select from many investment alternatives that are offered and returns vary with their choice of investments. Insurance is included in a variable annuity that is not present in other investment. They include an annuity feature, interest and expense guarantees and death benefits that are provided during the term of the contract. There are investment management fees and administration fees. There can also be insurance related charges like sales expenses, mortality risk charges and the cost of issuing and administering the contract. There can also be other various fees applied if money is withdrawn early.
401K provides detailed information on 401K, 401K Rules, 401K Rollover, 401K Contribution Limits and more. 401K is affiliated with Money Management Strategies.
There are several different types of 401 K plans to choose from. Funds can be invested into stocks, bonds, real estate, etc.
Mutual funds take sums of money from many individuals and pool it together. Each person owns a share of the fund representing a part of the fund's holdings. A professional investment adviser manages the funds by following a specific investment policy. There are investment management and administration fees, as well as various other charges.
A Collective Investment Fund is a trust fund that is managed by a bank or a trust company. They pool investments, and each investor has an interest in the trust fund assets. They are similar to mutual funds in that they have different investments objectives. There are investment management and administrative fees.
Variable annuity contracts are offered between an insurance company and an employer on behalf of a plan. Those participating select from many investment alternatives that are offered and returns vary with their choice of investments. Insurance is included in a variable annuity that is not present in other investment. They include an annuity feature, interest and expense guarantees and death benefits that are provided during the term of the contract. There are investment management fees and administration fees. There can also be insurance related charges like sales expenses, mortality risk charges and the cost of issuing and administering the contract. There can also be other various fees applied if money is withdrawn early.
401K provides detailed information on 401K, 401K Rules, 401K Rollover, 401K Contribution Limits and more. 401K is affiliated with Money Management Strategies.
