asked 54.6k views
1 vote
which of the following is a retirement plan sponsored by an employer that allows employees to set aside money for retirement

2 Answers

4 votes

Answer:

401k

Step-by-step explanation:

answered
User GCSDC
by
7.7k points
2 votes
The correct answer is 401(k). Under this plan, the employee and their employer both contribute to the employee's account. Upon retirement, the employee receive the balance in their account, which is based on contributions plus or minus investment gains or losses.
answered
User Rodney Wells
by
8.2k points
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