Attractive features of a 401(k)plan can include

Question

Quizplus · Accepted Answer

The best choice is D as it includes two attractive features of a 401(k) plan- matching contributions and tax deferral. Matching contributions imply that the employer contributes a certain amount to the employee's retirement account, which makes the plan more attractive. Tax deferral allows individuals to defer their taxes until they withdraw their funds, which can lead to significant tax savings over time. The other options also have some compelling features, but they do not capture the full range of benefits provided by a 401(k) plan.

Attractive Features of a 401(k)plan Can Include