This is your Member Reference Number (MRN). You’ll need to provide this when you make an appointment with an EAP counselor or contact your EAP by phone.

Anthem provides automatic translation into multiple languages, courtesy of Google Translate. This tool is provided for your convenience only. The English language version is considered the most accurate, and in the event of a discrepancy between the translations, the English version will prevail. This translation tool is not controlled by Anthem, and the Anthem Privacy Statement will not apply. Please read Google's privacy statement. If you want Google to translate the Anthem website, select a language.

401(K) Plan

A deferred compensation retirement savings arrangement in which employers withhold a portion of their employees' pretax wages and invest them in a plan where they may earn income, tax-free, until the employee withdraws the money. Some employers also contribute to their employees' 401(k) plan, often through matching employee contributions, at least up to a certain amount. Because a 401(k) is a retirement plan, employees must pay a penalty for early withdrawals, although some plans allow employees to borrow money from their plans without penalty for certain expenses.

Nolo. (Reviewed 2024). 401(K) Plan Retrieved 1/30/2024 from Nolo.

More about this Topics

  • Plan For a Healthy Retirement

  • How to Invest Wisely for Retirement

  • Social Security FAQ

  • Medicare and Medicaid: Whats the Difference?

  • Retirement Planning and the Big Picture

Other Topics

    • Your Social Security Number and Card: Checking Your Records
    • Social Security Disability: Five Levels of Appeal
    • How Does an Addiction to Prescribed Narcotics Affect Disability Benefits?
    • Social Security Disability: Deciding Whether to Appeal a Denied Claim
    • Helping Seniors Manage Money and Finances
    • How Beneficiaries Can Claim Life Insurance and Social Security Benefits