The majority of businesses will match a portion of your contribution, and offer you cash for free! The match could be as low as 1 to 4 percent of your earnings. Initial wage earners earning $50,000, are likely to receive an additional $400-$1600 for their 401k. You can visit edwardjones.com/us-en/financial-advisor/tyler-simonds to get 401k asset allocation

The Benefits of Having a 401k Plan for Your Business

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If you're considering accepting a job offer there are a few things to think about before making an offer:- 

1.) The vesting time: There's an amount of time during which an employer can return the amount they have contributed. This is referred to as a vesting time. If your employer offers an annual vesting period of 4 years that you are required to remain employed for the entire four years in order to qualify to receive the entire amount of match that the employer contributes. 

2.) Waiting time Certain employers may require you to wait for a year or more to be qualified for their 401k plan. When you change jobs, inquire whether there is a waiting time for joining the savings program. It could result in a significant impact on your pension. The mere fact of skipping one year could have a huge impact on the total retirement savings.

3.) A lack of a pension plan means you're given the option of taking one job over another, the lack of the option of a retirement plan or 401k will play a major role in the final choice. Imagine the possibility of accepting a job with no retirement plan as if you were having to take a pay cut.