55.3k views
0 votes
What is one way employers get employees to participate in a 401k

User MrMarlow
by
6.2k points

2 Answers

4 votes

Answer:

A: by requiring them to participate unless they opt out

User Jeff Wang
by
5.9k points
6 votes

Answer:

by requiring them to participate unless they opt out.

Step-by-step explanation:

401k is the name given to a plan in which a piece of the worker's paycheck for his retirement saving is saved and invested before taxes are taken out. Taxes are paid once the money is withdrawn from the account. A possible way for employers to get their employees participate is to require them to do it except in the cases that they opt no to participate.

User Szilard Muzsi
by
6.5k points