Just a small doubted here. I'm recently reading about finance and economics online and came across the "401(k) plan" for retirement. Since most reading sources online are usually U.S-based, I'm wondering if the 401(k) in U.S is equivalent to our EPF in Malaysia?

with EPF almost similar to CPF (S"pore)
I goggle and found these
you may want to read them while waiting for responses to your post
https://www.google.com/search?source=hp&ei=...1.0.xeCUmhupAIs

Yeap you are right

Yes it's more like private EPF fund and not similar to pension

bump. why US 401k can withdraw anytime only 10% penalty, but malaysia must wait age 50 only can withdraw?

because given the chance, 1malaysians have all sort of reasons to withdraw. The EPF account owner has self discipline doesn't mean people surrounding him/her also think the same.