Who can open an account? Judy Racz May 25, 2023 20:33 Updated Any employees who meet the eligibility requirements of their employer-sponsored plans may open a 401(k) account. Related articles What is a 401(k)? Why should I contribute to a 401(k)? Benefits of profit sharing contributions Distribution Forms How much should I contribute to my 401(k)? Comments 0 comments Article is closed for comments.