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Features of a 401(k) plan include all of the following except: Pension benefits are based on past earnings and length of service with the company.

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Features of a 401(k) plan include all of the following except: Pension benefits are based on past earnings and length of service with the company. The employer may match a certain portion of the employee's investment. Taxes are deferred on wages invested in the plan. Investments may be made in company stock, mutual funds or other investment vehicles

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