$9 trillion U.S. 401K retirement funds approved for cryptocurrency investment: What is 401K? Understand it in one article.
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Many people are curious, what is a 401K retirement fund?
A tax-deferred retirement plan established in 1981, with relevant regulations in Section 401 of the Internal Revenue Code, hence the name 401K.
401K is applicable to employees of private companies, funded by both employers and employees as a supplementary pension insurance system, which has become the main retirement plan for employees in private companies in the United States.