Certificate of Deposit

Question: Are there different types of Money Market accounts related to a 401k plan?

In my 401k can I put all my contributions into 1 money market account.Or do I have to split my contribution up>

Answer: Yes…although I’m not sure I understand the question you mean to ask.

A 401(k) plan may actually have two or more accounts for you — your contributions will be kept “separately” from your employers contributions for you, for example — but if a Money Market fund is offered for your plan, you should be able to put 100% of your contributions in that Money Market fund.

Investment Facts : Advantages of Investing in a Money Market Account