3 Ways You Can Lose the Free Money of a 401(k) Match

Kailey Hagen, The Motley Fool
·4-min read
3 Ways You Can Lose the Free Money of a 401(k) Match
3 Ways You Can Lose the Free Money of a 401(k) Match

The typical employer 401(k) match can give you about $1,680 extra per year based on Bureau of Labor Statistics averages for income and company matching percentages. You may be eligible for a 401(k) match, but you need to avoid the following mistakes if you want to keep yours. Then, your employer matches either all of your contributions if it's a dollar-for-dollar match, or a portion of them if it's a $0.50-on-the-dollar match, up to a certain percentage of your annual income.