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Finance

What Is a 401(okay) and How Does It Paintings?

Investopedia / Ellen Lindner What Is a 401(k) Plan? A 401(k) plan is a retirement savings plan offered by many American employers that has tax advantages for the saver. It is named after a section of the U.S. Internal Revenue Code (IRC). The employee who signs up for a 401(k) agrees to have a percentage