It is never a bad idea to ask about 401k information when you get in the middle of your interview for a prospective employment opportunity. The important thing is to not look too anxious or sure of yourself that you are going to get the job by asking about the 401k information. If you are too nervous to ask a prospective employer about 401k contributions and 401k contribution limits do not be afraid to ask a fellow employee. If by chance you still work in a sector or factory with a strong union and you want to be a member of that union, do not be afraid to ask some of your union representatives about the 401k plans that the company offers.
A Roth 401k plan is something that you can use for making contributions to it after taxes. If you are working for a small business many of the small business owners out there are either unaware or simply unable to set up a 401k plan for their employees. If the small business that you work for has set up a 401k plan for their employees, make sure that the company has set up a reputable trust or fund to make sure the plan will remain solvent. You also want to make sure your employer is keeping clean and accurate records of funds within such a trust. You don’t want to end up in an Enron situation where your retirement savings end up getting raided.
You also want to make sure that your employer has properly reported your 401k contributions to the Internal Revenue Service so the funds don’t end up getting taken by tax collection agencies in the future. If a 401k plan is simply not working out for an employer they have to file a 5500 form once again with the Internal Revenue Service in order to make sure the funds are given back to employees in the proper manner. The 5500 form is something they have to filed to be able to start the 401k as well.
Harbor 401k plans are out there for people who want to make full vested contributions. This plan is not subject to some of the scrutiny from the Internal Revenue Service that other 401k plans typically are. This one is particularly beneficial to employees who plan to stay with a company for a long time.
The system involving 401ks still allows employers to generally make most decisions on when and how much an employee can contribute to a 401k fund. They also tend to decide what kind of account the contributions are deposited into.