Answer:
Employees can contribute to a retirement fund that the company invests on their behalf. In some cases, the employer also contributes to this fund.
Contributions to the plan are made on a pretax basis, which reduces the amount of your income subject to tax.
Many plans are portable, which means they can move with you even when you change jobs.
Most plans have penalties for early withdrawal (before 59.5 years old).
Step-by-step explanation:
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