A 401k is an employer-sponsored retirement savings plan. It is the most popular way for people in America to save for retirement. This savings vehicle is a way for individuals to save for retirement directly from their paycheck. Employers may put in some of their own money with a profit share or a match contribution, but it is not required.
Follow along with Jenna Witherbee of 401k Plan Professionals as she explains & simplifies the employer-sponsored retirement vehicle known as a 401k. This video is 1 minute in duration.
You can watch the embedded youtube video above, by clicking the 'play' icon in the middle of the screen, or click here to view: https://youtu.be/XdlktT5oM9I