$100 Dollar Bills on the Sidewalk: Sub Optimal Savings in 401(k) Plans (Choi et al., 2005). Presented By Sylvia Sirivar and Ruth Gbor. Objectives of Study. To explain the forgone opportunity of not contributing to 401(K) up to the employer match threshold.
Sylvia Sirivar and Ruth Gbor
Choi, Laibson and Madrian (2005)
The average forgone match in 1998 is $250 or1.3% of annual pay