which of the following is true about 401(k) plans? select two that apply.

Question

money is set aside for retirement after tax deductions

money is set aside for retirement before tax deductions

a employers match employee contributions

money is deposited directy to the employee's checking account

Answer 1

The two statements that are true about 401(k) plans are:

1) Money is set aside for retirement before tax deductions.
2) An employer may match employee contributions.