# Employer-Sponsored Retirement Account

**IRI:** https://folio.openlegalstandard.org/RC5149hM9Fi4iI1O8qYvP31

## Labels

## Definition

An employer-sponsored retirement account is a retirement savings plan offered by an employer to its employees as part of their employee benefits package. Examples include 401(k) plans in the United States. These accounts allow employees to contribute a portion of their salary, often with employer matching contributions, to be invested for retirement, providing tax advantages and financial security in later years

## Sub Class Of

- https://folio.openlegalstandard.org/RC6vjtn3GZLRw0qRl5YjMwV

## Parent Class Of

- https://folio.openlegalstandard.org/RGkDyYmOTwUEstuQWdgGzo

**Deprecated:** False