Learn the ins and outs of 401(k) plans to make sure you comply and help your employees save as much as possible.

Naam Wynn explains the 401k retirement plan in 60 seconds. Learn about employer matching, traditional 401k vs. Roth 401k, taxation, and contribution limits.

The average 401(k) balance for someone in their 60s was $568,040 as of June 2025. The median, though, was far less: $188,792.