401(a) Plan

A 401(a) Plan is a type of employer-sponsored retirement savings plan in the United States, established under Section 401(a) of the Internal Revenue Code. These plans are often used by government entities, non-profit organizations, and certain other employers to provide retirement benefits to employees. Contributions to a 401(a) plan can be made by both the employer and the employee, and they are typically tax-deferred until withdrawal. The plan may include features such as matching contributions, vesting schedules, and various investment Options.

Examples of 401(a) plans include:

• Government retirement plans for public employees.
• Plans offered by educational institutions for faculty and staff.

Cases involving 401(a) plans might include:

• Disputes over vesting schedules when an employee leaves the job.
• Issues regarding the distribution of funds upon retirement or termination of employment.