What should a 401(k) manager do?

Provide them with access to your 401 (k) account and any other relevant financial information. They should regularly review your 401 (k) account's performance and discuss any changes or concerns with you and confirm that your investment strategy remains aligned with your financial goals and risk tolerance over time.

What is a 401(k) plan?

What is a 401 (k) plan? A 401 (k) plan is a tax-advantaged retirement plan offered by employers. The plan allows employees to set aside a certain percentage of their salary each year for their 401 (k), where the money can then be invested and grow tax-free until retirement age.

Is a 401(k) a good investment?

Financial advisors say this match is like free money, because it is effectively a 100 percent return on your investment. The main advantage of a 401 (k) plan is that you won’t pay taxes until you start taking withdrawals during retirement, so your money can compound for decades.