Question

Which of the following is a way an employer can encourage employees to save for retirement?

Contribution matching
529 plan
Lower interest
Tax increases

Answer 1

Contribution matching

Step-by-step explanation:

When an employer matches an employee contribution is a retirement savings scheme, the employee's savings grow faster. The employee feels encouraged because they can see their employer contribute to the growth of their savings account. An employee will be motivated to contribute more if the employer promises to match the employee's contribution.