Study: Retirement savers make costly 401(k) mistakes

On the level of savings, the study found that just 7 percent of 401(k) participants were saving the maximum allowed.

Nearly two-thirds of those earning less than $25,000 a year don't contribute enough to get the full company match, the study found. But 24 percent of those earning $50,000 to $75,000 a year and 12 percent of those earning more than $100,000 a year didn't get the full match, either.

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