does a 401k plan have an affect on saving and banking industry i'm doin a paper on it and need major help?

Answer 1

Yes, it does have an effect on the savings and banking industry. It is taken directly out of your paycheck, using pre-tax dollars. This is an easy and effective way to save for retirement. Some plans even match up to 5% of your contribution with matching money from the company you work for. What a great way to get "free" money from your employer.

Answer 2

http://www.allbusiness.com/human-resources/benefits-retirement-401k/163797-1.html

Here's an interesting site.