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? asked in Business & FinanceInvesting · 8 years ago

What is a 401M plan? And do I need it?

I put money away for my 401k but on my checks I see that I am putting money into both a 401k and a 401m.

Can someone explain the difference or why I have two types of 401 plans?

3 Answers

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  • rtfm
    Lv 7
    8 years ago
    Favorite Answer

    401(m) has something to do with the matching contributions your employer adds to the money you are putting into your 401(k).

    Check the numbers on your pay stub. I'll bet you find that the 401(k) funds are being deducted from your gross pay and the 401(m) funds aren't.

  • Anonymous
    6 years ago

    This Site Might Help You.

    RE:

    What is a 401M plan? And do I need it?

    I put money away for my 401k but on my checks I see that I am putting money into both a 401k and a 401m.

    Can someone explain the difference or why I have two types of 401 plans?

    Source(s): 401m plan it: https://tr.im/9SzAP
  • Anonymous
    4 years ago

    401m

    Source(s): https://owly.im/a94Gr
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