401k Quiz
Essential to sound 401k planning is an understanding of the fundamental concepts that underlie 401k plans. This quiz provides a quick tool to help you assess your understanding of 401k plans:
401k Facts
Tips & knowledge to help your 401k planning efforts.401k Company Matches
The employer match has two components: the percentage of contributions that the employer will match (the match rate) and the percentage of the employee’s earnings on which the match will be provided (the match level). Although employers have adopted a variety of match rates (see Figure 1), the typical employer match consists of a 50 percent match on 6 percent of the employee’s salary. Taken together, the typical employer match is thus 3 percent of employee earnings. Most employers permit their workers to continue contributing on an unmatched basis past the 6 percent match level. (Source: Center for Retirement Research at Boston College)-
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