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This paper examines the benefits of 401k employee retirement plans. It describes the plans flexibility in enabling the individual to choose their own invest strategy and risk level. The paper illustrates that this plan is often enhanced by employers matching funds, which enables the company to build greater staff loyalty. The paper explores many different mutual funds, which can be a part of a 401k plan, that are on the financial market today.
From the Paper:"The 401k employer funded retirement plan is one of the most flexible and favorable retirement plans that a company can make available to its staff. The regulations are extensive, but straight forward. The method of investing offers its participants individualized choices in investment strategy based on their own risk tolerance and the investments accumulate at a tax deferred rate of growth. Employers can choose to contribute matching funds, and assist the process in which employees become more responsible for their own retirement. These factors tend to build employee loyalty between well trained staff, and the company which needs them in order to continue a successful growth curve."
Cite this Essay:
401k Plan (2003, April 02) Retrieved June 30, 2022, from https://www.academon.com/essay/401k-plan-23348/
"401k Plan" 02 April 2003. Web. 30 June. 2022. <https://www.academon.com/essay/401k-plan-23348/>