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October 28, 2024

Switching jobs? There's more to do with your 401(k) than just rolling it over

  • Many plans do not account for repeated job switches.
    • By STAN CHOE
    AP Business Writer

    iStock image
    After switching to a new employer, a worker’s contributions to their 401(k) could drop sharply unless they take the extra step of signing up for the 401(k) plan.

    Job hopping is one of the best ways workers have to increase their pay, and a surprisingly solid job market means they still have opportunities. That's great news for workers, but remember: Make sure you're setting aside as much into your new 401(k) plan as your old one.


     
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