A 401a plan is a type of retirement plan that is offered by many employers. With this type of plan, employers can make contributions as well as employees. The employer can decide whether the contributions will be made on a pretax or an after-tax basis. 

This type of retirement plan is one of the most flexible options for employers. They can set up multiple plans that they can use as incentives for employees. The employer can decide how much they will contribute and they can decide who will be eligible for the plan. They can also come up with their own unique vesting schedule in order to help retain talented employees. 

When it is time to take the money out of a 401a plan, employees have a few different options in front of them. The first option that they have is to take a lump sum distribution. Another option that they have is to roll the money over into an IRA or some other type of retirement plan. The third option that they have is to use the money to purchase an annuity. With this option, they will receive regular annuity payments for a certain amount of time or for the rest of their life.

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