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401(k) Plans
A 401(k) plan is a retirement savings plan sponsored by an employer that allows employees to contribute a portion of their paycheck. Contributions are tax-deferred until withdrawal.
Capital Bank offers 401(k) plans designed to help employees save for retirement. These plans allow employees to contribute a portion of their salary on a pre-tax basis, helping them build their nest egg for the future. Capital Bank may also offer matching contributions to help boost employee savings. With a range of investment options available, employees can tailor their retirement savings strategy to meet their individual needs and goals. Through these 401(k) plans, Capital Bank provides valuable support for its employees' financial well-being beyond their working years.