What is the name of the pension plan under which employees can make tax-deductible contributions through regular payroll deductions?

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The 401(k) plan is a type of defined contribution pension plan in which employees can make tax-deductible contributions through regular payroll deductions. The employer may also sometimes match a portion of the employee's contributions. The contributions and their earnings are invested and grow tax-free until withdrawal during retirement. This plan is a popular choice among employees as it offers a tax break and helps in building retirement savings. Social Security is not a pension plan that employees can contribute voluntarily. Early retirement plan and 486(b) plan are not common terms used for pension plans.

What Is the Name of the Pension Plan Under Which