skip to main content

What If My Employer Doesn’t Offer a 401(k)?

Even if your employer doesn’t offer a 401(k), you still have some options for retirement saving. The various types of IRAs (Individual Retirement Accounts) are some alternatives to an employer-sponsored 401(k).

Read on to learn about the basics of each retirement savings tool and see which one is most appropriate for you.

What Is a 401(k)?

digital savings

A 401(k) is an employer-sponsored retirement savings vehicle that allows employees and employers to contribute tax-deferred money into an account. Employees often benefit from matching contributions from their employers and a relatively high level of eligible contributions.

While you may not have access to alternative retirement plans, there are some tools you can use with or without your employer’s sponsorship.

Alternatives to the 401(k)

Below are additional savings alternatives to a 401(k):


IRAs icon

Individual Retirements Accounts can be opened by anyone who earns income. They are tax-advantaged accounts that allow you to make contributions subject to annual IRS limits.

There are four types of IRAs:

Synchrony Bank does not provide tax advice so be sure to contact your tax advisor or financial consultant before opening or contributing to an IRA.

Call Synchrony Bank to Start Saving for Retirement Today

Whether your employer offers a 401(k) or not, Synchrony Bank has several retirement savings tools to help you reach your retirement goals.

Call us at 1-844-345-5789 to talk to a representative today.





Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now