Question

What is a 401(k) plan??

Answer 1

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A.  an investment plan offered by an insurance company

B.  a retirement plan offered by employers

C.  a personal retirement plan

Answer 2

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 Taxes aren't paid until the money is withdrawn from the account.