 401k plans have become the primary savings vehicle for this generation. And so the question is, do you really know how good your 401k plan is? Believe it or not, employers don't have to let you contribute your own money to the company 401k plan right away. In fact, the least generous plans can make you wait as long as one year to contribute your own money and as long as two years to be eligible to receive employer contributions. Employers can give you matching or non-matching contributions, and generally the bigger the contribution the better the 401k plan. In addition to the employer contribution, timing actually matters as well. And so the most generous plans provide matching contributions each pay period. The least generous plans make employees wait until the end of the year. And so if you work for a company that's less generous and you leave in the middle of the year, you'll forfeit any matching or non-matching contributions. So just because the employer contributes money into your 401k doesn't necessarily mean you're going to be able to keep them. The least generous plans actually require funds to be vested, some over a six-year period. The most generous plans allow employees to be vested immediately in employer contributions. The most popular contribution type is our pre-tax contribution. So essentially employees contribute money before their tax. But the better plans also allow employees to contribute on a Roth basis and also on an after-tax basis. So once you've been able to get your own money and the employer's money into the 401k, the next question is how good are your investment options within the plan? Generally if we like to see a fair amount of index and actively manage options across a lot of different asset classes with low fees. The less attractive plans have few options with very high fees. There are some bonus features including implant distributions, accepting rollovers, and then automatic enrollment. These features aren't deal breakers, but they do give the employee a little more flexibility with respect to their retirement monies. So they are nice to have.