PersonalFinanceLab: What is a 401(k)

This animated video explains the basics of a 401(k) plan, including how it works, the benefits of employer matching, and what to consider when contributing to a 401(k) plan. What You Will Learn: • What a 401(k) plan is and how it works. • The benefits of employer matching and how it can impact your retirement savings. • How to contribute to a 401(k) plan and what to consider when doing so. • The importance of vesting periods and what happens to your contributions if you leave your job. • How to roll over your 401(k) plan to another retirement account.