Why 401(k) Participation Matters More Than Ever

Retirement planning has changed dramatically over the last several decades. Traditional pension plans have largely disappeared, placing more responsibility on individuals to save for retirement through workplace plans like 401(k)s and IRAs.

In this Meridian Market Minute, Nathan Gilbert discusses why participating in your employer-sponsored retirement plan is increasingly important, especially as more professionals change jobs throughout their careers. He also highlights an often-overlooked issue: some employers require a waiting period before new employees can enroll in retirement benefits, creating potential savings gaps that should be considered before accepting a new position.

Topics covered include:

• The shift from pension plans to 401(k)s