I work with our new hires at work. Most are low paid employees. It's not part of what I should be talking about, but I usually ask if they understood the benefits as I can explain them again if they have questions and then I tell them something like "this is my personal opinion, but I feel I should say this" and then I make it a point of talking about the 401K and how they really should invest. If you don't put in you don't get a match. It's really not a huge amout of money (50% up to the first 4%), but it's free money - like a raise. That 4% of $1000 is only $40. That out of their paycheck its like $25-30. Usually the new hires just laugh, but I actually think one got it today. I explained how I add in my raise each year. I never had the money before so I don't miss it and I really think she got it. So nice to see.
my soapbox
March 15th, 2007 at 10:33 pm
March 15th, 2007 at 11:27 pm 1174001228
March 15th, 2007 at 11:28 pm 1174001312
March 16th, 2007 at 02:10 am 1174011005
Once you've explained, it is their decision whether or not to join...but at least it is their decision and not ignorance of the options available.
Kudos to you!!!
March 16th, 2007 at 02:21 pm 1174054883
March 16th, 2007 at 02:45 pm 1174056341
March 16th, 2007 at 04:00 pm 1174060810