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What are the benefits of having a 401K plan at work?
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The primary benefit of having a 401(k) plan at work is that it provides an opportunity to save for retirement. This can help you build financial security and independence in your later years. Additionally, participating in a 401(k) plan often results in tax savings as contributions are usually made with pre-tax dollars. Finally, 401(k) plans offer a variety of investment options which may provide greater returns than other types of investments.