To Make the Most of Your 401(k), Hire an Adviser Right Now

Employer-sponsored 401(k) plans provide employees with the opportunity to contribute to their retirement account, access tax benefits and receive matching contributions from the employer. Usually, employers offer a list of investment options that the employee can choose from, but the employee cannot make choices outside of that menu. But many employees are falling short in fully understanding the structure of their 401(k) plans.  They are suffering from information overload, and many participants are wishing for more direction or a “do it for me” option, according to a recent J.P. Morgan 2021.