3. Suppose you work for a small manufacturer of industrial-handling equipment, such as conveyor belts, wheeled carts, dollies, and so on. Assume your company employs 80 people in standard functions, such as product design, manufacturing, sales, and marketing. You work in accounting and have been asked to recommend three outsource vendors to manage the employees’

401(k) retirement plans. Use the Web to answer the following questions.

a. Explain what a 401(k) retirement plan is.

b. List three vendors that outsource such plans.

c. Summarize the product offerings from each of the vendors in your answer to part b.