401(k) Plan
What is 401(k) Plan?
An employer-sponsored U.S. retirement plan funded through payroll contributions.
Understanding 401(k) Plan
A 401(k) lets employees save part of each paycheck for retirement, before taxes in a traditional 401(k) or after taxes in a Roth 401(k).
Many employers add a matching contribution, which is effectively part of your pay.
FAQ
Should I contribute enough to get the full match?
For most people, yes: an employer match is an immediate return on the money you put in.