[Batman]

401 K give you very good benefit for your retirement plan, you as a employee contribute to your 401k plan a portion of your income and is pre-tax mean you don't pay now tax but when you start contribution from your 401k plan you will pay a tax. The maximum amount of contribution is limited by the federal government and the plan itself. An employer can elect to contribute tax-deferred matching funds into the employee's account but is not require if you put $3,000 they will match you will 100% free money . This type of plan is called a defined contribution plan since the employee decides the percentage of their income to contribute. Once the employee retires, their distribution will depend on the amount the plan has grown if you died before 65 your spouse will take care of those money