t are based strictly upon the sum total of the contributions made and the investment results therein. The plan must provide a definite predetermined formula for allocating contributions made to the plan participants.
             The optional employer matching contributions or profit sharing contributions also reduce the company's tax liability. When you have a choice, it is better to save money within a tax-advantaged retirement plan, compared to outside of one. IRAs, 401(k)s , 403(b)s and other employer-sponsored plans are all considered tax-advantaged by the Internal Revenue Service. All contributions grow tax-deferred until they are withdrawn, which means that money will grow faster then in a currently taxable investment earning the same rate of return. If you need your retirement assets now, and are prepared to pay the tax bill that results, you may ask your employer to pay them to you in a check. However, before you do ask for a check, you may want to compare the impact of paying taxes today versus continuing to defer taxes (www.psca.org)
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