Retirement·1 min lesson

401(k): Don’t Leave Free Money Behind

Understand how an employer match can add to retirement saving.

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The short version

Some employers add money when you contribute to a workplace plan. A common formula is 50 cents per dollar on the first 6% of pay, but every plan differs.

Contributing below the match threshold can leave employer money unused. Vesting rules may require staying for a period before all matched money is yours.

Check the actual plan document for its formula, limits, and vesting schedule.

2 min challenge

Get the Match

You put $10 into your work plan. Your job adds $5. How much is added altogether?

Fictional educational simulation. It does not use your financial information or guarantee an outcome.