One of my son’s is trying to decide between two job offers. They are pretty similar, but one benefit difference he noticed is one has a 401a vs the 401k if he returns to a former employer. I’ve never had a 401a. Is there enough of a difference between the two to make this a factor in his decision? TIA
If I am understanding correctly, 401a is basically 401k offered by a nonprofit. There must be technical distinctions. As far as savings and investing are concerned, they act the same. Or so, I always assumed.
My daughter’s current non-profit offers her a 401a - works just like a 401k - the company can decide match levels, when you are vested, etc. just like a company does with a 401k
401(a) vs. 401(k): What's the Difference?(a,to%20contribute%20to%20their%20plan.
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