human
What are the differences between a 401k and a 401a?
assistant
The main difference between a 401(k) and a 401(a) is that a 401(k) is an employer-sponsored retirement plan, while a 401(a) is a self-employed retirement plan. A 401(k) typically offers more flexibility in terms of investment options, as well as higher contribution limits than a 401(a). Additionally, employers may match contributions to a 401(k) but not to a 401(a).