Question

Gretchen is responsible for explaining her company's retirement benefits to new employees. She explains that the company matches up to 3% of employee contributions to the company 401(k) plan. After two years, these contributions become vested. Gretchen says that the employees should invest in the company 401(k) when they start since it has all the same risks and benefits as investing in an IRA. Is Gretchen's description accurate?

Answer 1

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