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What are the benefits of having a 401k plan at work?
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The main benefit of having a 401k plan at work is that it allows employees to save for retirement early on. This can help build an emergency fund or provide financial security in retirement. Additionally, employers may match contributions up to a certain percentage, which can further incentivize saving and investing. Finally, 401(k) plans often have more investment options than other retirement savings vehicles, allowing employees to tailor their investments to meet their specific goals.