If your employer offers a 401(k), consider yourself lucky. About half of U.S. workers don’t have access to a workplace retirement plan, and not having a plan makes it more likely that they won’t save enough for a comfortable retirement.
To get the most out of your 401(k), though, you need to understand the details of how it works. The rules and options vary by employer — some are better than others, but the overall benefits of a retirement plan are so great that you shouldn’t bypass yours even if it’s less than ideal.
Here’s what to ask before you sign up.