What is one way employers get employees to participate in a 401k

History

2 answers:

Ksenya-84 [330]3 years ago

8 0

By offering an auto enrollment and auto increase in contribution percentage

Lapatulllka [165]3 years ago

5 0

Answer:

by requiring them to participate unless they opt out.

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 Taxes are paid once the money is withdrawn from the account.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.

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