What is a 401(k) plan??
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 Taxes aren't paid until the money is withdrawn from the account.
\(\left[\begin{array}{ccc}A\\B&Correct\\C\end{array}\right]\)
A. an investment plan offered by an insurance company
B. a retirement plan offered by employers
C. a personal retirement plan
