the graphic shows a sample 401k investment. based on the graphic, what advantage does this 401k have over…

the graphic shows a sample 401k investment. based on the graphic, what advantage does this 401k have over other types of investments? sample 401(k) investment annual contribution $6,000 employer match 50% employer contribution $3,000 total contribution $9,000 it encourages employees to contribute by offering an employer bonus it ensures that employees who contribute will retire with more money it guarantees employees a return on their investment because of a company match it incentivizes employees to contribute by offering an employer match

the graphic shows a sample 401k investment. based on the graphic, what advantage does this 401k have over other types of investments? sample 401(k) investment annual contribution $6,000 employer match 50% employer contribution $3,000 total contribution $9,000 it encourages employees to contribute by offering an employer bonus it ensures that employees who contribute will retire with more money it guarantees employees a return on their investment because of a company match it incentivizes employees to contribute by offering an employer match

Answer

Brief Explanations:

A 401(k) investment often has an employer - match feature. This means the employer contributes a certain amount based on the employee's contribution, which is an incentive for employees to contribute to their 401(k) plans. It does not guarantee a return on investment or ensure a specific retirement amount. The employer - match is not the same as an employer bonus.

Answer:

It incentivizes employees to contribute by offering an employer match