Employers Are Increasingly Offering This 401(k) Option. You May Want to Take Advantage of It.
Many U.S. workers are in a position where they don't have access to a retirement savings plan through an employer. And people in that boat can thankfully fall back on an IRA in the absence of having a 401(k) or a similar employer-sponsored plan.
But there's a big benefit to saving for retirement in a 401(k). Not only do 401(k) plans come with substantially higher contribution limits than IRAs, but many employers have a policy of matching worker contributions to some degree. That's free money for your retirement.
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Source Fool.com