401(k) Day

401(k) Day is an annual awareness day observed on April 1 that highlights the importance of workplace retirement savings and employer-sponsored 401(k) plans. The date references Section 401(k) of the U.S. Internal Revenue Code, which established these plans.  The day is used by employers, plan providers, policymakers, and financial educators to promote retirement readiness, encourage employee participation, and share information about saving, investing, and employer matching contributions. Activities often include educational articles, webinars, plan checkups, and reminders for workers to review contribution rates and investment choices.  Overall, 401(k) Day aims to raise awareness about the role 401(k) plans play in long-term financial security and to motivate workers to take action toward a more secure retirement.