[refurb]

In addition, at least in my experience, company contributions to 401(k)s tend to be small and decreasing

Random change of subject, but did you ever wonder why some companies match 401(k) contributions? Or automatically give you a small contribution regardless if you decided to contribute yourself?

It's because 401(k) contributions for highly compensated employees (HCEs) are at risk of not getting the tax deferral unless the 401(k) plan meets a bunch of metrics including participation, etc.[1]

And you thought they were doing it out of the goodness of their hearts! ;)

[1] https://blog.personalcapital.com/retirement-planning/seeking...