Teresa just received a quarterly statement from the Vanguard Group,which shows earnings from investments using her pretax dollars.Teresa contributes a percentage of her salary to the plan and her company matches it.Teresa has a 401(k)plan.

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The statement mentions that Teresa has a 401(k) plan, which is a type of retirement savings plan offered by many employers in the US. Contributions to the plan are made with pretax dollars, and earnings on the investments grow tax-free until the funds are withdrawn in retirement. Additionally, many employers offer matching contributions to incentivize employees to save for retirement. The quarterly statement from Vanguard would reflect the performance of the investments held within Teresa's 401(k) plan.

Teresa Just Received a Quarterly Statement from the Vanguard Group,which