The more money a person invest in a 401k, the more money he will have when he retires.
A 401(k) plan is a defined-contribution pension account sponsored by an employer and defined in section 401(k) of the Internal Revenue Code. This is the plan of the United States.
Employee money is deducted directly from their paycheck, and the company may match it. Traditional 401(k)s and Roth 401(k)s are the two varieties (k).
Here the employee receive more money when he retires, and before that he will have to invest more in 401k plan.
Therefore, the employee should have invested more to receive more money at the time of his retirement.
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