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

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

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

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LewisMaster · Tutor for 5 years

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### 401(k)

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## Step 1: Identify the type of retirement plan<br />### An employer-sponsored, tax-deferred retirement plan usually provides tax advantages and helps employees save for retirement. <br /><br />## Step 2: Determine the correct term for such a plan<br />### 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.
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