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What is a 401(k) plan??

2 Answers

2 votes


\left[\begin{array}{ccc}A\\B&Correct\\C\end{array}\right]


A. an investment plan offered by an insurance company


B. a retirement plan offered by employers


C. a personal retirement plan

User Jiayi Liao
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A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.
User Sefiroths
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