Do you know what you should about your 401k plan? If you can answer these 16 questions, you are well above the average. Most workers don't have a clue when it comes to their retirement plan. Look over these questions and if you don't have the answers, make sure you get them.

Most plan participants sign up for their 401k plan, choose their investment options, and then forget about their plan. This might be OK but at some point, it might be a good idea to know some of the facts about your plan. The better educated you are on how your plan is set up and works, the better you will be able to make wise decisions regarding your plan.

To get the answers to these and any other questions you might have about your 401k plan, contact your HR department or plan administrator. Take advantage of any meetings your company might provide to discuss your 401k plan and look closely at your statement to be sure there are no mistakes.

Suggested Reading:

• 16 Questions
• 5 Biggest 401k Mistakes
• Introduction to 401k Plans
• Maximizing Your 401k Plan
• 401k Plan Fees
• Survival Plan for Your 401k