What Is a 401(k) and How Does It Work?

A 401(k) plan is a retirement savings plan sponsored by an employer. It lets workers save and invest a portion of their paycheck before taxes are deducted. Taxes are not due on the money until it is withdrawn from the account. A 401(k) plan usually offers a selection of investment options, such as stocks, bonds, … Read more

What Is Bid Rigging?

Bid rigging is a form of anti-competitive behavior in which companies collude to rig the bidding process for goods and services. This can take many forms, but typically involves one company agreeing to bid high for a particular contract, while another company agrees to bid low, with the intention of splitting the profits between them. … Read more