401(k) Plan

Updated:

11/12/24

A 401(k) plan is a way of saving for your retirement, sponsored by your employer. Through this system, your employer takes a designated portion of your paycheck before taxes and contributes it into a retirement account known as a 401(k). This plan allows you to grow your retirement savings over time, often with the benefit of employer matching contributions and tax deferral. By offering an opportunity to invest in various funds, a 401(k) plan helps employees build long-term financial security.

A 401(k) plan is a way of saving for your retirement, sponsored by your employer. Through this system, your employer takes a designated portion of your paycheck before taxes and contributes it into a retirement account known as a 401(k). This plan allows you to grow your retirement savings over time, often with the benefit of employer matching contributions and tax deferral. By offering an opportunity to invest in various funds, a 401(k) plan helps employees build long-term financial security.

Abstract white background with faint gray network lines and dots forming a geometric pattern.
Young professional woman shaking hands with an interviewer during a job interview in an office setting.
Focused young professional man listening to headphones while working on a project at a desk in a modern office.

Gain a competitive edge with data-informed talent decisions.

Request a demo and see how our platform is Shaping the Future of Work.

Abstract white background with faint gray network lines and dots forming a geometric pattern.

Gain a competitive edge with data-informed talent decisions.

Request a demo and see how our platform is Shaping the Future of Work.

Abstract white background with faint gray network lines and dots forming a geometric pattern.

Gain a competitive edge with data-informed talent decisions.

Request a demo and see how our platform is Shaping the Future of Work.

Are you a talent looking to elevate your career?

Explore your strengths and weaknesses with our free Self-Discovery Assessment.

Personality assessment chart displaying scores for Openness, Extraversion, Conscientiousness, Agreeableness, and Neuroticism, with individual portraits representing each trait.

Are you a talent looking to elevate your career?

Explore your strengths and weaknesses with our free Self-Discovery Assessment.

Big Five personality traits chart featuring individual scores: Openness 78%, Extraversion 81%, Conscientiousness 75%, Agreeableness 68%, Neuroticism 52%.

Are you a talent looking to elevate your career?

Explore your strengths and weaknesses with our free Self-Discovery Assessment.

Join our community!
Get the latest HR trends & tips delivered to your inbox.

Join our community!
Get the latest HR trends & tips delivered to your inbox.

Join our community!
Get the latest HR trends & tips delivered to your inbox.