Five things you probably don’t know about your 401k (but you should)

US investors hold $ 10.4 trillion in 401,000 assets as of the first quarter of 2022, making 401,000 the popular choice of Americans who save for retirement years by far.

With all that hidden treasure in 401k plans, you’d think retirement investors would take the time to know exactly what’s in their retirement plans, so they can make informed investment savings and withdrawal decisions.

Unfortunately, it is not a trend.

In fact, a recent study by Dream Forward, a 401k plan provider, showed that 63% of 401k plan holders “don’t understand 401k and financial terminologies.”

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