If you think of your 401(k) plan in the context of how to leverage your retirement savings, think about 401(k) matching. Leverage makes your job as an investor ever so much easier, and what can be better than a company match?
Common Matches
The most frequent matching formula for Vanguard 401(k) plans that have matching contributions is 50% on the first 6% of pay, according to Vanguard’s “How America Saves 2023” report, which examined the saving behaviors of nearly 5 million 401(k) plan participants.
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