What retirement account typically includes a company match into the employee's account?

A 401(k) account is designed specifically to allow employers to offer employees retirement savings opportunities, often with the incentive of a company match. This means that many employers will contribute additional funds to an employee's 401(k) based on the amount the employee chooses to contribute from their salary, usually up to a certain percentage or dollar limit. This matching contribution can significantly enhance the employee's retirement savings, making the 401(k) a powerful tool for long-term financial planning.

In contrast, accounts like traditional or Roth IRAs do not typically involve employer contributions or matches, as they are set up and funded solely by the individual account holder. The Thrift Savings Plan, while similar to a 401(k), primarily serves federal employees and doesn't generally offer the same level of matching contributions as seen in typical 401(k) plans with private employers. Thus, the presence of a company match in a 401(k) plan distinguishes it from the other retirement account types listed.