National 401(k) Day

National 401(k) Day is observed every year on the first Friday after Labor Day. This day serves as a reminder for Americans to review their retirement plans and make sure their savings are on track for a comfortable future. Despite the widespread availability of 401(k) plans—offered by 79% of employers—less than half of eligible employees take full advantage of this important benefit.

History

National 401(k) Day was established in 1996 by the Profit Sharing/401k Council of America. The timing was intentional: Friday after Labor Day represents the end of the workweek and, symbolically, the end of a career, making it an ideal day to focus on retirement planning. The holiday aims to encourage both employers and employees to make the most of retirement savings opportunities.

How to Use the 401(k) Plan

• Start contributing as early as possible—even in your 20s—to maximize long-term growth.
• Take full advantage of employer matching programs to boost your savings.
• Select investment options that align with your personal goals and risk profile.
• Avoid early withdrawals to prevent penalties and unnecessary taxes.
• Review your contributions and investment allocations regularly to keep your retirement plan on track.

How to Take Part

Use National 401(k) Day as an opportunity to educate yourself about retirement savings. Review your current plan, attend webinars or seminars on retirement planning, and use online calculators to estimate your savings needs. If your employer doesn’t offer a 401(k), consult a financial advisor about alternative retirement options.

When is National 401(k) Day in 2025?

National 401(k) Day is celebrated every year on the Friday after Labor Day.

Observations