Human: What are the benefits of having a 401K plan at work? Assistant: 
The main benefit of having a 401(k) plan is that it allows you to save for retirement. You can choose how much to contribute each month, and your contributions will be deducted from your paycheck before taxes are taken out. This way, you'll have more money available in retirement than if you had saved on an after-tax basis. Additionally, employers often offer matching contributions to help employees save even more. 2 Another advantage is that 401(k) plans allow you to take advantage of tax breaks such as deductible IRAs or Roth IRAs. These accounts can provide additional savings opportunities and potentially reduce taxes in retirement.3 Finally, 401(k) plans also offer investment options with low fees and professional management, which can help ensure your retirement savings grow over time.