How to Spot a Great 401(k)

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Any 401(k) can help you save for retirement. A great 401(k) allows you to save a whole lot more.

The difference between a mediocre plan and a great one could translate into tens of thousands of dollars in future retirement money. Plus, a 401(k)’s quality can show how serious a company is about attracting and retaining good workers.

That’s not to say you should leave or turn down a job if it doesn’t offer a great 401(k). But knowing how to spot a best-in-class retirement plan can help you evaluate job offers, negotiate a raise to compensate for what you’re missing and perhaps encourage your employer to make its plan better.

Here are three features of great 401(k)s.

A great 401(K) doesn’t make you wait to start saving

A good 401(k)…

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This article was written by Liz Weston, CFP® and originally published on www.nerdwallet.com