Which is an employer-sponsored retirement plan?(1 point)

Question

Responses

a Social Security coverage that is offered only to employed citizens
a Social Security coverage that is offered only to employed citizens

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 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 private bank plan that is recommended by the company

Answer 1

The correct response is:

a type of account offered to employees at very little or no cost

This aligns with the concept of employer-sponsored retirement plans, such as 401(k) plans or similar programs where employers may match contributions or offer access to retirement savings accounts at little or no cost to employees.