Subject
Home
/
Business
/
an employer-sponsored, tax -deferred retirement plan is known as a(n) drip 401(k) dsp ira

Question

An employer-sponsored, tax -deferred retirement plan is known as a(n) DRIP 401(k) DSP IRA

Answer

3.7 (282 Votes)
Verificación de expertos
Lewis Master · Tutor for 5 years

Answer

### 401(k)

Explanation

## Step 1: Identify the type of retirement plan### An employer-sponsored, tax-deferred retirement plan usually provides tax advantages and helps employees save for retirement. ## Step 2: Determine the correct term for such a plan### The most common employer-sponsored, tax-deferred retirement plan in the United States is the 401(k). DRIP (Dividend Reinvestment Plan) and IRA (Individual Retirement Account) do not fit this specific description.