human
What's the difference between a 401(k) and a 401(b)?
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The main difference between a 401(k) and a 401(b) is that a 401(k) is an individual retirement account (IRA) that allows employees to save pre-tax money, while a 401(b) is a type of employer-sponsored retirement plan that provides tax benefits for both employers and employees. A 401(k) also has more investment options than a 401(b).