401(k) & Profit Sharing
What are 401(k) and profit-sharing workplace retirement plans?
401(k) and profit-sharing plans offer convenient retirement savings with employer contributions and payroll deductions.
What Are the Benefits?
Tax-Deferred Earnings
Any earnings grow tax deferred and are taxed at your ordinary income tax rate at the time of withdrawal.
Higher Contribution Limits
The annual contribution maximum is higher than for IRAs.
Investment Control
You and your employer contribute, but you get to choose your own investments for your retirement plan. The money is always yours, even if you change jobs.
No Loads
You won’t pay any up-front or back-end sales charges* on American Century’s no-load mutual funds.
Guidance at No Additional Cost
Get personal assistance from a dedicated team of Business Retirement Specialists.
How Do I Enroll in My Plan?
1. Complete Election Form
Complete the Participant Investment Elections form and return to us.
By Fax:
1-888-327-1997
By Mail:
American Century Investments
PO Box 419385
Kansas City, MO 64141-6385
2. Choose Contributions
Complete a Salary Reduction Agreement (if plan allows payroll deductions) and return to your benefits or payroll office.
Not needed if opening an individual 401(k) rather than a small business 401(k) plan.
3. Choose Beneficiaries
Complete a Designation of Beneficiary form and return to your benefits office or retain for your records if opening an individual 401(k).
Ready to Invest?
Contact your employer or call a Business Retirement Specialist at 1-800-345-3533 for help getting started.
Both load and no-load funds have an expense ratio, which is the amount (%) of total investment that shareholders pay annually for mutual fund operating expenses and management fees. The expense ratio is taken out of each fund's current income, is disclosed in the prospectus and can be located on performance tables for each fund.
Limits listed are for 2024. The IRS sets limits annually.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.
This information is for educational purposes only and is not intended as a personalized recommendation or fiduciary advice regarding investment, accounting, legal or tax matters. There are different options available for your retirement plan investments. You should consider all options before making a decision. Our representatives can help you evaluate all of your distribution options.
IRA investment earnings are not taxed. Depending on the type of IRA and certain other factors, these earnings, as well as the original contributions, may be taxed at your ordinary income tax rate upon withdrawal. A 10% penalty may be imposed for early withdrawal before age 59½.
You could lose money by investing in a mutual fund, even if through your employer's plan or an IRA. An investment in a mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.