How to Make Your 401(k) Plan Work Harder
Chances are you have a 401(k) plan at work. And the chances are you're not making nearly enough of it. A new year means a new leaf: This is as good a time as any to start turning that around.</br></br>If you're letting your 401(k) languish, a report released over the holiday season shows that you're not alone. According to the latest study by the Employee Benefits Research Institute, a think tank in Washington, most of us continue to neglect our 401(k) plan. The median account contains a balance of just $18,000, says EBRI.</br></br>Good luck with that.</br></br>Here's a five-step plan to fix your 401(k).</br></br>1 Take control.