Employer match: It's an added bonus

Employers may match all or some of employees contributions to the retirement savings program. When the employer match is combined with the individuals contributions, plus any tax-deferred earnings the retirement account may accumulate. There are three engines of potential growth that can enhance individuals' financial security in retirement.

 

So, for employees who are not participating in their retirement program – or not contributing enough to get the full benefit of the employer match – they are giving up an added bonus.

 

Review the retirement program's vesting policy for details on ownership of employer matching contributions.