Most employers offer a 401(k) plan as part of their employee benefits package. This defined contribution plan helps employees save for retirement.   Many employers offer matching 401(k) contributions up to a certain amount or percentage to encourage employees to save for retirement. The money employees have to live on in later years depends on the amount contributed and the performance of the underlying investments.   The following are the five main types of 401(k) plans.   1

Like most employees, you might have a 401(k) account through your employer. This retirement plan helps you save money for your later...