FAQ - ANSWER

Does my employer have to provide a matching contribution?

Answer: No, a company has complete discretion as to whether or not they match your contribution. The match is a form of profit sharing. If your employer is not highly profitable, or if times are tough, they may elect to not match the contributions. The existence of a company match should not keep you from contributing to your 401k.

LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!