How do cash balance plans differ from a 401k plan?

How do cash balance plans differ from a 401k plan?
by

1 Answer

Answer :

A 401k plan invest your money for you. A cash balance may earn a small amount of interest but has no risk.
by

Related questions

How can I cash in my 401K plan?

Description : How can I cash in my 401K plan?

Last Answer : You can cash in your 401K plan upon retirement or after a penalty before your retirement age.

What Are 401k Plans?

Description : What Are 401k Plans?

Last Answer : Many people plan for their retirement. One way to do so is with a 401k plan. What sets a 401k plan apart from other retirement plans is how it is designed and sponsored. Most 401k plans are ... to have worked for a company for a number of years to become eligible for obtaining such a plan.

Prudential 401k Plans?

Description : Prudential 401k Plans?

Last Answer : 401k plans, yikes! You could spend hours, days and weeks trying to figure out the precise amount of deductions for living the type of lifestyle you want in the future. Deducting and taking ... , contact a Prudential advisor. Start saving money now, and stop worrying about your financial investments.

What are the benefits of a Cash balance plan?

Description : What are the benefits of a Cash balance plan?

Last Answer : Cash balance plan allows you to have cash available to you in case you need it. This is offer through employers.

What happens if I cash out my 401k?

Description : What happens if I cash out my 401k?

Last Answer : It’s a bad idea…but YEP we’ve had to do it. I’m not sure what your tax bracket is however, you can withhold the taxes when you cash out. Make certain you do that or you’ll have to come up with cash at tax time in April.

I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread of this ecomony and this amero. Should I just cash it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Description : I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread ... it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Last Answer : Don't do it. A 401K is an investment that is meant to grow over time. Sometimes you lose sometimes you gain, but short of an economic disaster you will gain if you leave it alone. The tax you will ... pay on the money you withdraw will be yet another loss on top of the future gains you will losing.

can you close your 401k Just stop particpating cash out pay taxes and penality.?

Description : can you close your 401k Just stop particpating cash out pay taxes and penality.?

Last Answer : Of course you can. You just lose all the tax benefits.

Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

What is the difference between a 401k plan and an IRA?

Description : What is the difference between a 401k plan and an IRA?

Last Answer : They are basically the same thing but have different names. The only other difference is will be the deductibility of the 401K compared to the IRA.

Who can enroll into a 401K plan?

Description : Who can enroll into a 401K plan?

Last Answer : A legalized us citizen can enroll into a 401k plan

how can i get refunded for overcontribution to my 401k plan the previous year?

Description : how can i get refunded for overcontribution to my 401k plan the previous year?

Last Answer : Your 401k plan administrator will automatically reimburse you when you make an over contribution. You will also receive a form for tax reporting.

how do i get a loan against my 401k plan and pay back through my job ?

Description : how do i get a loan against my 401k plan and pay back through my job ?

Last Answer : i am on long term dis-ability and would like to withdraw all my vested monies from my t rowe price 401k and i need it now i am very sick what are the steps i should take immediately thank you hi,im edna wilson i would like to borrow 400.oo my 401k pls.pay back with job.

Can an employee's 401k plan be moved when the employee leaves?

Description : Can an employee's 401k plan be moved when the employee leaves?

Last Answer : An employee's 401k plan monies when that employee leaves the company can be cashed out or put into a retirement account.

How to Set Up a 401k Retirement Plan Without an Employer?

Description : How to Set Up a 401k Retirement Plan Without an Employer?

Last Answer : Not everyone works for a company that supplies its employees with 401k retirement plans. Many companies simply do not offer them. Other people may be independent contractors or small business owners. Whatever ... income than what was contributed into the plan during a certain part of the tax year.

Why should one rollover a 401k plan?

Description : Why should one rollover a 401k plan?

Last Answer : Many times, when you leave an employer, they may ask you to take your 401k plan with you, especially if the plan balance is low. In these cases, many people chose to rollover the 401k instead of cashing it out.

Can I roll over my 401k plan from my last employer to my IRA account?

Description : Can I roll over my 401k plan from my last employer to my IRA account?

Last Answer : Yes you can in fact do this. You will have to speak to the company who has your IRA and discuss with them the steps in order to do this.

How do you terminate a 401k plan?

Description : How do you terminate a 401k plan?

Last Answer : The details of how to terminate a 401k plan should be included in the plan itself. Depending on the plan there may be limitations or fines involved in actually terminating the plan itself.

Never Touch Your 401k Retirement Plan?

Description : Never Touch Your 401k Retirement Plan?

Last Answer : When something big comes up, such as the need for a new car, you may be tempted to use the money in your 401k retirement plan to pay for it. This is possible, but it is not wise. ... gratification of a new purchase quickly, but you will not have enough money to retire comfortable in the long run.

What is a 401k plan and how does it work?

Description : What is a 401k plan and how does it work?

Last Answer : A 401k plan is some sort of savings program and it involves forms. You must fill out these forms in order to apply for a 401k plan. It is a government program.

Can you explain what a 401k plan is?

Description : Can you explain what a 401k plan is?

Last Answer : A 401k plan is a retirement plan. Unlike a savings account you can withdraw money instantly but for a retirement plan you cannot touch that money till you reach the recommended retirement age.

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

Last Answer : A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.

Who can I talk to about my 401k retirement plan?

Description : Who can I talk to about my 401k retirement plan?

Last Answer : You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.

1. Why does alluvial soil differ in texture? 2. State two cash crops that grow well in alluvial soil. -Geography

Description : 1. Why does alluvial soil differ in texture? 2. State two cash crops that grow well in alluvial soil. -Geography

Last Answer : 1. It is the transported soil and in the upper course of the river it is coarse where as in the lower coarse it is finally grained. 2. Wheat and Rice.

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion.

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The ... dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion.

Last Answer : A. The projects have unequal lives that differ by several years.

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years. B. The ... dramatically. D. One of the mutually exclusive projects involves replacement while the other involves expansion

Last Answer : A. The projects have unequal lives that differ by several years

Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years B. The costs of the two projects differ by nearly 30%. C. The two projects have cash flow patterns that differ dramatically D. One of the mutually exclusive projects involves replacement while the other involves expansion

Description : Which of the following is not a potential for a ranking problem between two mutua lly exclusive projects? A. The projects have unequal lives that differ by several years B. The ... dramatically D. One of the mutually exclusive projects involves replacement while the other involves expansion

Last Answer : A. The projects have unequal lives that differ by several years

(i) Overdraft as per cash book means debit balance as per cash book.

Description : (i) Overdraft as per cash book means debit balance as per cash book.

Last Answer : Correct and rewrite the following statements. (i) Overdraft as per cash book means debit balance as ... on overdraft A/c is income for the business.

Cheque deposited into Bank increases the Bank balance as per Cash Book.

Description : Cheque deposited into Bank increases the Bank balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Cheque deposited into Bank increases the Bank balance as per Cash Book.

What does the credit balance of Cash Book indicate?

Description : What does the credit balance of Cash Book indicate?

Last Answer : What does the credit balance of Cash Book indicate?

1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.

1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.

1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Description : 1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Last Answer : Prepare a simple cash book of Mr. Shriram from the following details: 2019 Feb. 1 Balance of cash ₹ ... the bank all cash in excess of ₹ 11,000.

Cash account always shows ________ balance. 

Description : Cash account always shows ________ balance. 

Last Answer : Cash account always shows ________ balance. (a) Credit (b) Negative (c) Minus (d) Debit

What is the balance of Cash A/c?

Description : What is the balance of Cash A/c?

Last Answer : What is the balance of Cash A/c?

What is the meaning of tahabil balance in bank cash book?

Description : What is the meaning of tahabil balance in bank cash book?

Last Answer : Need answer

X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many shares should X Ltd. issue to Maruti Udyog Ltd. for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Description : X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many ... . for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Last Answer : Answer: 28,000 shares

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last received from the BO by entering the balance in words and figure of last BO daily account c) To Note the particulars of articles, documents, account office receipts, sent to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Description : Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last ... to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Last Answer : e) All the above

What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Description : What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held ... b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Last Answer : a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance

Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent to the SO c) The balance of list of daily account received from the SO and accounted for in the HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Last Answer : e) All the above

Min and Max cash balance for each SO will be fixed by a) Head post master b) Inspector/ ASP of the Sub division c) PMG d) Divisional Supdt.

Description : Min and Max cash balance for each SO will be fixed by a) Head post master b) Inspector/ ASP of the Sub division c) PMG d) Divisional Supdt.

Last Answer : d) Divisional Supdt.

If an unpaid article sent to BO is returned as undelivered the article will be a) Returned to sender after deducting the amount of postage from the cash and stamp balance of BO b) Returned to sender after deducting the amount of postage from cash and stamp of the SO c) Returned to sender after simply taking suitable entry in unpaid postage account in BO d) Returned to sender simply as ordinary letter

Description : If an unpaid article sent to BO is returned as undelivered the article will be a) Returned to sender after deducting the amount of postage from the cash and stamp balance of BO b) Returned ... taking suitable entry in unpaid postage account in BO d) Returned to sender simply as ordinary letter

Last Answer : c) Returned to sender after simply taking suitable entry in unpaid postage account in BO

Who will fix the minimum and maximum cash balance of the first class Head office. a) Superintendent of post office b) Head of the circle c) Senior Superintendent of Post Offices d) None of these

Description : Who will fix the minimum and maximum cash balance of the first class Head office. a) Superintendent of post office b) Head of the circle c) Senior Superintendent of Post Offices d) None of these

Last Answer : c) Supdt of post office to all post office

The_______ of an office will ordinarily be a sum equal to the average _________multiplied by the number of days in which funds can be obtained, plus a percentage of the average ___________(if necessary), as a margin – the amount of which will depend upon the extent of the difference between the receipts and payments, and other considerations a) Minimum cash balance , daily payments, daily payments a) Maximum cash balance , daily payments, daily payments a) Minimum cash balance , daily payments, daily receipts a) None of these

Description : The_______ of an office will ordinarily be a sum equal to the average _________multiplied by the number of days in which funds can be obtained, plus a percentage of the average ___________(if ... payments, daily payments a) Minimum cash balance , daily payments, daily receipts a) None of these

Last Answer : a) Minimum cash balance , daily payments, daily payments

What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Description : What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Last Answer : c. Reconciliation between HO Cash Book and TCB

The __________ of a chemical company can be obtained directly from the balance sheet as the difference between current assets and current liabilities. (A) Cash ratio (B) Net working capital (C) Current ratio

Description : The __________ of a chemical company can be obtained directly from the balance sheet as the difference between current assets and current liabilities. (A) Cash ratio (B) Net working capital (C) Current ratio

Last Answer : (B) Net working capital

In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Description : In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Last Answer : a. in current assets immediately following accounts receivable.

The current assets should be listed on Cerner’s balance sheet in the following order: a. cash, accounts receivable, prepaid insurance, equipment. b. cash, prepaid insurance, supplies, accounts receivable. c. cash, accounts receivable, prepaid insurance, supplies. d. equipment, supplies, prepaid insurance, accounts receivable, cash

Description : The current assets should be listed on Cerner's balance sheet in the following order: a. cash, accounts receivable, prepaid insurance, equipment. b. cash, prepaid insurance, supplies, ... receivable, prepaid insurance, supplies. d. equipment, supplies, prepaid insurance, accounts receivable, cash

Last Answer : c. cash, accounts receivable, prepaid insurance, supplies.

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.