Checking a 401k balance will show the amount of money the employee has contributed towards the plan. If an employer offers 401k plans and an employee participates, then the employer is withdrawing monies based on the terms between the employer and the employee. Checking the balance regularly is very beneficial to the employee because it let's them know the total amount of money they have
. contributed. The contributions however are regulated by the government. The government has set a maximum on how much an individual can contribute, so it is recommended that individuals should have other retirement plans. When an individual wants to keep abreast of the balance, all they have to do is go to the agency or company that provides the service. Most agencies or companies that provides 401k retirement plans have a service where an individual can access their balance. Usually this method is online. The only thing the individual has to do is access their account online of the agency that provides their plan.
