Many employers encourage their workers to participate in the company's retirement plan by offering a _________ equal to all or a portion of the amount the employee contributes into the plan.

Question

Quizplus · Accepted Answer

The term "matching contribution" refers to the employer's contribution into the employee's retirement plan, which is equal to all or a portion of the amount the employee contributes. This incentive encourages employees to save for their retirement and is a common practice among many employers. The other options (tax-deduction, raise, bonus) do not directly relate to the employer's contribution into the retirement plan.

Many Employers Encourage Their Workers to Participate in the Company's