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|Missing Out: How Much Employer 401(k) Matching Contributions Do Employees Leave on the Table? (PDF)|
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."
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