A large number of U.S. companies offer these funds. Enrollment is optional, and you may choose to not participate. However, it is well worth researching the benefits before making that decision. In most instances, your company will match funds for your 401(k) account up to a certain dollar amount each year. A number of different plans exist, so ask specific questions about the plan you may have. If your employer does match contributions, your company’s 401(k) offers a significant benefit for your financial future.
Contributions levels may vary per year. For instance, in 2011, levels stood at $16,500. In 2012, that level was set at $17,000; in 2013, at $17,500; and in 2014, at $17,500.