Question

Select the correct answer. what benefit does a 401(k) plan provide over an ira? a. a higher rate of return b. fewer investment options c. less investment risk d. on-hand financial advisors e. employer’s contribution

Answer 1

The main benefit that a 401(K) provides for a person over an IRA is that of e. Employer's contribution.

What separates an IRA from a 401(K)?

An Individual Retirement Account (IRA) by definition is a pension investment vehicle that is funded by the person who uses it to save for their retirement.

401(K)s on the other hand, have the benefit of being contributed to by employers. This allows for higher amounts to be invested, and lower amounts to be used for investing by the person who owns the 401(K).

Find out more on types of Individual Retirement Accounts (IRA) at https://brainly.com/question/13032524.

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