The advantage 401k have over other types of investments is:it incentivizes employees to contribute by offering an employer match.
401(k) investment can be defined as the process in which an employer enables an employee to save ahead of their retirement.
401(k) investment help to motivate or encourage employee to save for retirement by enabling the employer to as well contribute a certain amount toward the employee retirement .
It as well help to lower the tax amount paid on the amount contributed by an employee based on the fact that the contribution are often deducted before tax.
Therefore the advantage 401k have over other types of investments is:it incentivizes employees to contribute by offering an employer match.
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