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<p><span>A 401(k) is an employer-sponsored retirement plan. Employers who offer a 401k plan as part of their benefits package may allow employees to contribute some of their wages to the account. The employer may match some contributions. The employer may match some contributions. Employees have the option to invest their 401(k performance funds in one or more mutual fund options and receive distributions from the account to supplement their retirement income.</span></p>
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A 401(k) is an employer-sponsored retirement plan. Employers who offer a 401k plan as part of their benefits package may allow employees to contribute some of their wages to the account. The employer may match some contributions. The employer may match some contributions. Employees have the option to invest their 401(k performance funds in one or more mutual fund options and receive distributions from the account to supplement their retirement income.
