[pennywise]

My thought when I read your response: why do you have to have your employer do this for you? Save on your own and call it a 401 if you wish. Did you read my response. A lot of people lost a lot of money because of these 401K's. Not to mention it is government controlled money. If you have an emergency you pay 10% penalty. Furthermore, the government tracks it - your money, savings, etc is none of their business. Listen to me again: we lost all earnings, all employer matching, and some principle in this legal pyramid scheme. Please learn what the stock market is - a legal, very huge gambling casino with many people who know this game very well. How many people like me do you think are sitting there with their day trading accounts waiting for the rebound. Read, read, read. The stock market, housing, bonds are not investing they are gambling. An asset is something that produces income for you. Savings is a place to store money. Gambling is the stock market, bonds, and buying houses. The pied piper plays and you follow. REad REAd READ and learn please. I know many 70 year olds who are still working due to the stock market losses. So again, why does your employer or the government have to get you to save? Can't you do it on your own?