Question: What does a 401(k) feature in a defined contribution plan do? Enables qualified employees to buy company stock at a reduced price Enables employees to

What does a 401(k) feature in a defined contribution plan do?

Enables qualified employees to buy company stock at a reduced price
Enables employees to make pre-tax contributions through salary reduction agreements
Credits employee accounts with varying contribution percentages calculated individually at the time of the plan inception
Includes a predetermined and defined formula for allocating profit shares among participants

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