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What are the advantages of having a 401k?
assistant
The primary advantage of having a 401(k) plan is that it allows employees to save for retirement. This can be done in a variety of ways, such as investing in stocks and bonds or mutual funds, or simply saving money each month. Additionally, 401(k) plans often provide employers with tax benefits, since contributions are typically made before taxes are calculated. Lastly, 401(k) plans offer employees an opportunity to take control over their financial future by allowing them to decide how much they want to contribute, when they want to make those contributions, and what investments they would like to make.