select the correct answer. what is a 401(k) plan? a. an investment plan offered by an insurance company b. a…

select the correct answer. what is a 401(k) plan? a. an investment plan offered by an insurance company b. a retirement plan offered by employers c. a personal retirement plan

select the correct answer. what is a 401(k) plan? a. an investment plan offered by an insurance company b. a retirement plan offered by employers c. a personal retirement plan

Answer

Brief Explanations:

A 401(k) plan is a type of retirement - savings plan that employers offer to their employees. It allows employees to contribute a portion of their pre - tax income to the plan, and employers may also make matching contributions. It is not an investment plan offered by an insurance company, and it is an employer - sponsored plan, not just a personal retirement plan in the general sense.

Answer:

B. a retirement plan offered by employers