What Investors Say is the Most Valued Feature of their 401(k)s

Investors report the most valued feature of their 401(k) is the match contribution they receive from their employer, the next most valued feature is the tax deferral on the money they contribute, according to a Wells Fargo/Gallup Survey. 46% of respondents said they would save less or stop saving in their 401(k) if the tax-deferred feature was taken away. The survey looked at the saving perspectives of just over a thousand investors, 33 percent were retirees, 67 percent were non-retirees.

A Wells Fargo official said the employer-sponsored 401(k) is critical in securing workers’ retirement futures. The survey also found more than half of non-retired investors have a savings number in mind for retirement, but 47% do not. Those that have a number said $1 million is the goal, but 29% said $500,000 or less.

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