401K
401K
Out of context: Reply #9
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- k0na_an0k0
poomoo. it's a 'benefit' because the company will help you set up a 401k for you, which will automatically take out a percentage or specific amount (set by you) per check and put it into a 401k for your retirement.
bonus points if it is a matching 401k... which these days is pretty rare. although my last two jobs had matching 401k to an extent.
if you put in say 300 per pay period the last place would match half that, so they'd put in 150, giving you a total of 450. not bad.