What Does It Mean To Be Covered By A Retirement Plan At Work? 
Many companies have employer sponsored defined contribution plans like a 401 -LRB- k -RRB- offered to their employees , some even auto enroll . These plans have pretax contributions and accumulate tax deferred . Some employers actually match a portion of their employees contribution further enhancing the employees retirement account . Having a retirement account at work can help you save something every paycheck . 