Understanding your company's 401(k)-matching formula is key for getting the most out of your match. You should also understand the vesting schedule, especially if you plan to quit your job soon.
Most employers that provide a 401(k) plan also give employees a 401(k) match. But the amount of these company contributions and the ease of getting them varies considerably by employer. Vanguard ...
Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Chip Stapleton is a Series 7 and Series 66 license holder, CFA ...
The number of plan sponsors not matching employee contributions to their retirement plans has significantly decreased over the past five years, according to new research. Strategic Insight, an Asset ...
Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...
The average 401(k) match is 4.6% of workers' salaries, with the median match being 4.0%. Your match depends on your company's matching formula, your salary, and your personal contributions. Remember ...
For those who haven't saved enough for retirement, 401(k) matching contributions present a promising solution. These contributions, often referred to as 'employer matching,' are a benefit many ...
Employers can choose to match their employee’s 401(k) contributions in several ways, should they wish to do so at all. Though it may seem cumbersome to spend too much time on the math, particularly ...
Between the corporate tax cut and the tight labor market, more companies are moving to increase pay and benefits, including their contributions to retirement plans. In a January survey, one out of ...