Although a § 401(k)plan avoids taxation on any employer contributions,any income earned on such contributions is taxed yearly.

Name: Although a § 401(k)plan avoids taxation on any employer contributions,any income earned on such contributions is taxed yearly.
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Employer contributions and any income earned on those contributions in a § 401(k) plan are tax-deferred, meaning they are not taxed until withdrawal, typically during retirement.

Although a § 401(k)plan Avoids Taxation on Any Employer Contributions,any