Why the Employer Match is "Free Money"
A 401k plan is one of the most powerful tools for retirement because of the Employer Match. If your employer offers a 50% match up to 6% of your salary, and you contribute 6%, you are effectively receiving an immediate 50% return on your investment before the market even moves.
Our 401k Savings Calculator helps you visualize how those monthly contributions, combined with employer funds and compound interest, create a substantial nest egg over your career. To maximize your results, always aim to contribute at least enough to get the full company match.