The Friday after Labor Day  (this year on September 6) is recognized as 401(k) Day – a day to reflect on the importance of workplace retirement plans to help employees secure their financial future.

Created by the Plan Sponsor Council of America, 401(k) Day signifies a fresh start to financial planning, much like how the back-to-school season symbolized new beginnings. The day promotes awareness about retirement savings and encourages employees to take full advantage of their 401(k) or 403(b) plan benefits.

What is the most important message employers need to get across to employees on 401(k)? "Planning for retirement can be daunting, especially with competing financial pressures – take small steps where ever you can, beginning with participating in the plan, even with small amounts, and it will pay off down the road," said Will Hansen, executive director of PSCA.