What are some examples of 401k net benefits?


Quick Answer

The benefits of 401k net include a saving plan for employees, a replacement for costly pensions and offers a spread of mutual funds such as stocks, bonds and money market investments. The 401k plan enables investment for employees before taxes are withdrawn, as stated by The Wall Street Journal.

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Full Answer

A 401k account offers flexible options for employees moving to a new job. They can choose to carry forward their accounts balance into their new employer's plan or roll over the account balance into their individual retirement account. Employees can also withdraw the account balance in a lump sum cash payout, according to Practical Money Skills.

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