Who'd pass up "free" money? More people than you might think. Nearly a third of American workers fail to take advantage of 401(k) plans.
Never mind that employers typically match a worker's contributions with hundreds or thousands of dollars a year. Never mind that employees don't have to do anything to qualify other than stash money away for retirement. For a variety of reasons, including inertia and ignorance, many workers don't take the perk.
Even of those who do sign up, about one in five doesn't contribute enough to meet their companies' full match, according to a new survey by the Hewitt Associates human resources firm.
http://moneycentral.msn.com/content/Retirementandwills/Createaplan/P121795.asp
Never mind that employers typically match a worker's contributions with hundreds or thousands of dollars a year. Never mind that employees don't have to do anything to qualify other than stash money away for retirement. For a variety of reasons, including inertia and ignorance, many workers don't take the perk.
Even of those who do sign up, about one in five doesn't contribute enough to meet their companies' full match, according to a new survey by the Hewitt Associates human resources firm.
http://moneycentral.msn.com/content/Retirementandwills/Createaplan/P121795.asp