What You Don’t Know About Your 401(k)

More than 500,000 American employers offer 401(k) retirement plans to their employees, and over 90 million American workers are enrolled in these plans. As of 2015, around 52 million of this number were active, contributing participants in 401(k) plans.

While it’s usually easy to sign up for your company’s 401(k) plan (and many firms today match a percentage of their employees’ contributions), getting an education about 401(k) plans will help you get the most out of your plan and avoid common retirement pitfalls.
The 401(k) Retirement Account Was Created By Accident
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