Which of the following is true about 401(k) plans? Select all that apply.
(1 point)
Responses
money is set aside for retirement after tax deductions
money is set aside for retirement after tax deductions
money is set aside for retirement before tax deductions
money is set aside for retirement before tax deductions
all employers match employee contributions
all employers match employee contributions
some employers match employee contributions
some employers match employee contributions
money is deposited directly into the employee’s checking account
- Money is set aside for retirement before tax deductions
- Some employers match employee contributions
The correct options are:
- Money is set aside for retirement before tax deductions.
- Some employers match employee contributions.