Answered

What is one benefit for employers offering 401(k) plans for their employees?

A. Automatic payroll deductions are taken out before taxes, which reduces taxable income.
B. Many employers match a percentage of the employee's contributions, which is free money.
C. Offering a 401(k) plan helps employers remain competitive in the job market.
D. The funds in a 401(k) plan can be invested in stocks, bonds, and mutual funds.



Answer :

GinnyAnswer

Final answer:

Employers offering 401(k) plans benefit by attracting talent, providing additional savings for employees, and enabling investment diversification.


Explanation:

One benefit for employers offering 401(k) plans for their employees is many employers match a percentage of the employee's contributions, which is free money. This means that employees can receive additional funds for their retirement savings, effectively increasing their overall financial security. Additionally, offering a 401(k) plan helps employers remain competitive in the job market as it can attract and retain talented employees who value such benefits. Finally, the funds in a 401(k) plan can be invested in stocks, bonds, and mutual funds, allowing for potential growth over time and diversification of investment portfolios.


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