Which of the following accounts is specifically tailored for employees of an organization with matching funds from the employer?

The 401(k) plan is a retirement savings account that is specifically designed for employees of an organization, allowing for contributions from employees as well as matching contributions from the employer. This matching contribution is a key feature of 401(k) plans, as it motivates employees to save for retirement by effectively increasing the amount of money that can be set aside, often matching a certain percentage of the employee's contributions.

The structure of the 401(k) also allows employees to make pre-tax contributions, which can reduce their taxable income each year. In addition, many employers offer matching funds, meaning that for every dollar an employee contributes, the employer may contribute an additional amount up to a specified limit. This not only aids in retirement savings but also fosters a sense of loyalty and motivation among employees.

In contrast, other accounts listed, such as Roth IRAs, SIMPLE IRAs, and SEP IRAs, do not typically involve employer matching contributions in the same manner as a 401(k). For example, while SIMPLE IRAs can offer some matching or nonelective contributions from employers, they are generally aimed at smaller businesses and do not have the same level of features and benefits as a 401(k). Additionally, Roth IRAs and SEP IRAs are not