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Yes, Non-resident Indians Who Work for a U.s. Company Can Participate in a 401(K) Retirement Plan. The Eligibility of the Plan is Determined by the Taxpayer's Employment Status With the Us Company, Not by Their Citizenship. Additionally, the Contribution and Withdrawal Rules Remain the Same for Residents and Non-residents in the Us.
After Turning 59½, You Can Start Withdrawing From Your 401(K) Plan Without Any Penalty. However, Before This Age, if You Make a Withdrawal From Your 401(K) Plan, You Are Liable to Pay a 10% Penalty and Taxation at Ordinary Income Tax Rates.
The 401(K) Plan Contribution Limit for Employees Under 50 is $23,500, and the Combined Employee and Employer Limit is $70,000 in 2025. Further, for Employees Who Are 50 Years or Older, the Contribution Limit is $31,000, With a Catch-up and Combined Employee and Employer Limit is $77,500.
A Solo 401(K) is a Retirement Plan Designed for Small Business Owners With No Full-time Employees and Self-employed Individuals With No Employees. Considering This, the Rules and Regulations of These Plans Are the Same as Any Other 401(K) Plan. Additionally, This Retirement Plan Covers Both You and Your Spouse.
Yes, You Can Have More Than One 401(K) Account, but for This, You Need to Fulfill the Requirements. If You Have Multiple Jobs With Different Employers, and Your Contribution Limit is Imposed on All Your 401(K) Plans, Then Having Multiple 401(K) Accounts is a Normal Thing. However, the Contribution Limits for All Your Accounts Will Be the Same Annual IRS Limits.
Yes, You Can Stop Contributing to Your 401(K) Anytime at Your Discretion. For This, With Your Hr Employer Department, You Need to Change the Contribution Amount to 0%.
Yes, You CChange Your 401(K) Investment Options Anytime. To Do So, You Need to Rebalance With Your Current 401(K) Plan, or After Leaving Your Job, You Can Roll Over the Money Into an Ira, Which Offers You a Wide Range of Investment Options.
When You Die, Your 401(K) Plan is Transferred to the Beneficiary You Named on Your 401(K) Account. Considering This, for Managing the Funds, the Recipient's Options Depend on Whether They Are Your Spouse, a Non-spouse, or an Estate.
No, You Cannot Contribute to Your 401(K) Plan After Retirement, as This Plan Requires Active Salary From Your Current Employer. Additionally, After Retirement, You Can Leave Your Money in Your 401(K) Plan and Continue to Grow It Tax-deferred. Further, You Can Separately Contribute to an Ira if You Have Income From Other Sources.
Generally, the 401(K) Plan Fees Range From 0.5% to 2% and Can Vary Greatly, Depending on the Size of Your 401(K) Plan, the Plan Provider, and the Number of Participants.
By Varun Gupta |Last Updated: January 5, 2026-plan_1761282887.webp)
