Get Answers Support Payroll Employer General What is a 401(k) traditional? Last modified 3/26/2025 5:35:37 AM EST A 401(k) traditional plan is an employer-sponsored plan that allows employees to contribute a portion of their salary on a pre-tax basis. However, this plan is tax-deferred, which means taxes are not owed until the money is withdrawn in retirement. Was this helpful? Yes No Related Questions How to add compensation details for the employees? How to add deductions and reimbursements? Go to Home Page Need more help? Get in touch with our dedicated support team Contact Us (704) 684-4751 support@taxbandits.com Sign Up for a FREE TaxBandits Account! The Smart CPA Choice Register Now Already have an account? Sign in