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A 401K is a retirement plan in the United States. These types of retirement plans first grew to prominence back in the 1980’s. As a widely utilized retirement plan, contributors can withdraw funds after reaching 59 ½ years of age. 401k information is available online, or by speaking to current or previous employers. 401k information can also be obtained by speaking to your account or financial advisor. The 401k plans are designed to allocate funds for individual retirements. This is a choice alternative to traditional retirement pensions, which are paid by employers. With 401k plans, employer contributions determine the amount of overall retirement savings. While deposit amounts can vary, they are designed to give employers maximum flexibility and benefits.