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Minako works for a large appliance manufacturing company that offers a tax-deferred retirement savings plan to each of its employees. Minako designates 10 percent of her paycheck; her employer matches
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Minako works for a large appliance manufacturing company that offers a tax-deferred retirement savings plan to each of its employees. Minako designates 10 percent of her paycheck; her employer matches $.40 for each dollar Minako investments in the plan. This type of plan is known as a(n) ____. a Roth Retirement Plan b 401(k) plan c non-traditional IRA d traditional IRA.

User BruceyBandit
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6 votes

Answer:

The answer is letter B

Step-by-step explanation:

This type of plan is known as 401(k) plan.

User SnuKies
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