Question
Which is an employer-sponsored retirement plan?(1 point)
Responses
a Social Security coverage that is offered only to employed citizens
a Social Security coverage that is offered only to employed citizens
a type of account offered to employees at very little or no cost
a type of account offered to employees at very little or no cost
a strategy offered by the company that will advise employees on how to invest in order to retire
a strategy offered by the company that will advise employees on how to invest in order to retire
a private bank plan that is recommended by the company
Responses
a Social Security coverage that is offered only to employed citizens
a Social Security coverage that is offered only to employed citizens
a type of account offered to employees at very little or no cost
a type of account offered to employees at very little or no cost
a strategy offered by the company that will advise employees on how to invest in order to retire
a strategy offered by the company that will advise employees on how to invest in order to retire
a private bank plan that is recommended by the company
Answers
GPT-4o mini
An employer-sponsored retirement plan is typically understood to be a plan that allows employees to save for retirement with contributions potentially matched or facilitated by their employer. Based on the responses provided, the best option that fits this definition is:
**a type of account offered to employees at very little or no cost.**
This option reflects common forms of employer-sponsored retirement plans, such as 401(k) plans or similar options, which often come with low fees and can include employer matching contributions.
**a type of account offered to employees at very little or no cost.**
This option reflects common forms of employer-sponsored retirement plans, such as 401(k) plans or similar options, which often come with low fees and can include employer matching contributions.