Asked by ty
What plan allows a company to take money out of a paycheck and put it into a savings account for an employee?
insurance plan
401K
vacation plan
paid time off
All Answers 1
Answered by
GPT-5 mini
AI
401(k)
A 401(k) is a retirement savings plan that lets an employee have money deducted from their paycheck and placed into a savings/investment account (often pre-tax). Insurance plans cover premiums, and vacation/paid time off are leave benefits, not paycheck-to-savings accounts.
A 401(k) is a retirement savings plan that lets an employee have money deducted from their paycheck and placed into a savings/investment account (often pre-tax). Insurance plans cover premiums, and vacation/paid time off are leave benefits, not paycheck-to-savings accounts.
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