The 401(a) is a tax-deferred retirement plan designed to help you invest regularly for your retirement. It is offered to you through your employer and is available to employees of qualifying hospitals, educational institutions, and many not-for-profit organizations. Your contributions are taken directly from your salary before it is taxed, and each plan offers you a selection of investment options.
There are several benefits to consider when joining a 401(a) plan.
Once you've committed to regular saving with your 401(a) plan, getting money into your account is easy through payroll deduction.
It's simple. Your contributions are made through payroll deduction. To participate in the 401(a) retirement plan, you first must complete an enrollment form and a Salary Reduction Agreement. The amount you designate as a deduction will be automatically withdrawn from your paycheck and contributed to your 401(a) retirement plan. Be sure to check with your employer or Lincoln representative for your specific plan enrollment requirements.
There are a variety of investment options available for, and specific to, your 403(b) plan. Contact your employer or Lincoln representative for the list of your choices.
Withdrawals are available from your 401(a) plan for specific reasons, such as:
To learn more about the 401(a) plan, please feel free to Contact Us any time!
Securities: California, Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, New Mexico, New York, South Dakota, Texas, Washington, Wyoming
Insurance: Colorado, Iowa, Illinois, Indiana, New Mexico, New York, South Dakota, Texas, Washington, Wyoming
Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer and a registered investment advisor. Member SIPC. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Firm disclosure information available at www.LFG.com.
See Lincoln Financial Advisors (LFA’s) Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services LFA offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFA’s Forms ADV, Part 2A, which describe LFA’s investment advisory services, Regulation Best Interest Disclosure Document, which describes LFA’s broker-dealer services, and other client disclosure documents can be found here.
