What is a 401(k) Plan and How Does it Work?
HR Digest
MARCH 28, 2023
A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. How does 401(k) work? It’s important to note that there are limits to how much an employee can contribute to a 401(k) plan each year.
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