What is a 401(k) plan? A 401(k) is a type of
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Posted On: 11/22/2012 2:08:59 AM
What is a 401(k) plan?
A 401(k) is a type of personal pension plan that is offered by many employers. Employees contribute part of their salary (before taxes) and employers commonly match part of the contribution. The bulk of the plan is usually invested in mutual funds.
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