Take another look at your 401(k) plan

Thursday, September 29, 2016

Folks working in Redwood Falls might want to take another look at their 401(k) plans. According to research from financial technology company SmartAsset, using data from the United States Department of Labor, Redwood Falls employers are among the leaders in Minnesota at matching 401(k) contributions. You can see where Redwood Falls ranks in Minnesota in the table below:

401 k graph

The rankings are a factor in SmartAsset’s overarching study on the places with the access to the best 401(k) plans, which analyzes investment performance and administrative fees in addition to employer contributions. The full study results, methodology, and interactive map can be found here: https://smartasset.com/retirement/401k-calculator#Minnesota/best-401k

This free study is distributed to community leaders in the ranking areas. Please let me know if you would like any additional information regarding the study, and I am happy to help.

Thanks,
Steve Sabato

Category: Finances