A great 401(k) plan can be an attractive part of any job, but on its own, it may not be enough to attract and retain a younger, more mobile workforce.

While the 401(k) is still the best vehicle for retirement, it’s often not relevant to younger workers. Millennials are focused on other expenses and milestones, like paying down student loan debt, saving for a home, or starting a family.

Millennials are hearing mixed messages about saving and are forced to make tough decisions. Young workers are encouraged to contribute to their 401(k), especially if the company matches their contributions.

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