Question

What is one way employers get employees to participate in a 401k? by requiring them to participate unless they opt out by requiring them to opt in if they want to participate by giving them an annual pay raise by giving them a signing bonus when they participate

Answer 1

The one way employers get employees to participate in a 401k by requiring them to participate unless they opt out.

What is 401k section about?

401k is the name given to a plan in which a piece of the worker's paycheck for his retirement saving is saved and invested before taxes are taken out.

Taxes are paid once the money is withdrawn from the account. A possible way for employers to get their employees participate is to require them to do it except in the cases that they opt no to participate. Employees can opt not to participate in their employer's plan.

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