Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

ESOP Administrator

Blue Ridge ESOP Associates
(Remote)

Blue Ridge ESOP Associates logo

Defined Benefit Plan Consultant

Planned Retirement Consultants & Administrators, LLC
(Remote / Ridgewood NJ)

Planned Retirement Consultants & Administrators, LLC logo

Retirement Plan Administrator (TPA)

Retirement Plan Consultants
(Remote / Norfolk NE)

Retirement Plan Consultants logo

Plan Consultant

MAP Retirement USA, LLC
(Remote)

MAP Retirement USA, LLC logo

401k & Defined Contribution Plan Consultant

Planned Retirement Consultant & Administrators, LLC
(Remote / Ridgewood NJ)

Planned Retirement Consultant & Administrators, LLC logo

Retirement Plan Compliance Consultant

TriStar Pension Consulting
(Remote / OK)

TriStar Pension Consulting logo

Plan Document Specialist

MAP Retirement USA LLC
(Remote)

MAP Retirement USA LLC logo

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

DB/DC Consultant

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Processing Analyst

PCS Retirement, LLC
(Remote / Philadelphia PA)

PCS Retirement, LLC logo

Administrator, Retirement Plan Compliance

RiversEdge Advanced Retirement Solutions
(Remote / Sewickley PA)

RiversEdge Advanced Retirement Solutions logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image
LinkedIn icon     Twitter icon     Facebook icon

Missing Out: How Much Employer 401(k) Matching Contributions Do Employees Leave on the Table? (PDF)
Financial Engines Link to more items from this source
May 12, 2015

"One in four employees missed out and did not save enough to receive their full employer match. In 2014, the average amount of employer match not received was $1,336 per employee, which equates to an extra 2.4 percent of annual income missed. Over 20 years, this annual loss adds up to $42,855 per plan participant. In total, over 1 million employees in [the] study sample left more employer matching contributions unclaimed ($1.4 billion) than claimed ($1 billion).... [N]ationwide American employees are passing up approximately $24 billion annually in employer matching contributions by not saving enough to receive their full employer 401(k) match. Lower-income and younger employees were much more likely than others to miss out on at least part of their employer matching contribution."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2023 BenefitsLink.com, Inc.