3 Big 401(k) Mistakes It Pays to Correct in 2026

Group 1 - Consistent saving during working years is crucial for a secure retirement, with options like 401(k) plans and IRAs available for retirement savings [1] - 401(k) plans simplify retirement saving through automatic payroll deductions, ensuring contributions are made without the need for manual transfers [2] - Companies often match employee contributions to 401(k) plans, and missing out on this match can significantly impact long-term growth potential [4][5] Group 2 - To maximize workplace match benefits, employees should understand the matching structure and adjust their savings rates accordingly, potentially by cutting back on other expenses [6] - High fees associated with certain investment options in 401(k) plans can erode returns, suggesting a potential shift to lower-cost index funds for better performance [8]