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401(k) Health Check Quiz

401(k) Health Check Quiz

Optimize Your 401(k) Strategy: This comprehensive quiz evaluates how well you're utilizing your 401(k) plan. Get personalized recommendations to maximize your retirement savings and employer benefits.

Question 1 of 16

What is your current age?

Question 2 of 16

What is your current annual salary?

💼 401(k) Plan Basics

Let's start by understanding your current 401(k) plan setup and participation.

Question 1 of 14

Does your employer offer a 401(k) plan?

Yes, and I'm enrolled
Yes, but I'm not enrolled
No, my employer doesn't offer one
I'm not sure
Question 2 of 14

What percentage of your salary do you contribute to your 401(k)?

0% (Not contributing)
1-5%
6-10%
11-15%
More than 15%
Question 3 of 14

Does your employer offer a 401(k) match?

Yes, and I contribute enough to get the full match
Yes, but I don't get the full match
Yes, but I don't contribute at all
No employer match offered
I don't know
Question 4 of 14

Do you understand your plan's vesting schedule?

Yes, I'm fully vested or understand when I will be
I have some understanding
I've heard of it but don't understand it
I don't know what vesting is

📈 Investment Strategy

Now let's examine how you're investing within your 401(k) plan.

Question 5 of 14

How did you choose your 401(k) investments?

I carefully researched and selected funds
I chose a target-date fund
I got advice from a financial advisor
I went with the default options
I randomly selected options
Question 6 of 14

Are you aware of the fees in your 401(k) plan?

Yes, I actively choose low-fee options
I'm somewhat aware and consider fees
I know there are fees but haven't compared them
I've heard of fees but don't understand them
I wasn't aware there were fees
Question 7 of 14

How often do you review and rebalance your 401(k) investments?

Annually or when allocations drift significantly
Every few years
I've done it once or twice
I know I should but haven't done it
I've never rebalanced or don't know what it means
Question 8 of 14

How would you describe your investment risk tolerance?

Aggressive (High risk, high potential return)
Moderate (Balanced approach)
Conservative (Lower risk, stable returns)
Very conservative (Minimal risk)
I'm not sure about my risk tolerance

🎯 Advanced Planning

Let's explore your long-term strategy and advanced 401(k) features.

Question 9 of 14

Do you increase your 401(k) contributions regularly?

Yes, I increase contributions with raises/bonuses
I've increased them a few times
I plan to but haven't yet
I haven't thought about increasing them
I've had to decrease my contributions
Question 10 of 14

Does your plan offer a Roth 401(k) option, and do you use it?

Yes, and I strategically use both traditional and Roth
Yes, and I contribute to Roth 401(k)
Yes, but I only use traditional 401(k)
I'm not sure if my plan offers Roth
No, my plan doesn't offer Roth 401(k)
Question 11 of 14

If you're 50 or older, do you make catch-up contributions?

Yes, I max out catch-up contributions
Yes, I make some catch-up contributions
No, but I plan to start
No, I wasn't aware of catch-up contributions
I'm under 50 (not applicable)
Question 12 of 14

How often do you review your 401(k) statements?

Monthly or quarterly
A few times per year
Annually
Rarely, only when I remember
I never look at my statements
Question 13 of 14

Have you taken loans from your 401(k)?

No, I avoid 401(k) loans
No, but I understand they're available for emergencies
Yes, once for a major expense (home, education)
Yes, multiple times
I currently have an outstanding 401(k) loan
Question 14 of 14

If you change jobs, what would you do with your 401(k)?

Roll it over to my new employer's plan or an IRA
I would research the best option
Leave it with my current employer
I'm not sure what my options are
Cash it out (not recommended!)

Your 401(k) Health Score

Overall Score
0/100
Health Level
Getting Started
Current Age
0
Priority Action
Start Contributing

Category Scores

Key Recommendations

401(k) Health Breakdown

Potential Improvements

Detailed Analysis & Action Steps

The tools and resources provided on this page are designed to bring clarity to your financial goals and empower your decisions. Please be aware that all information provided through these tools is general in nature and should not be considered as personalized financial, investment, or tax advice. These tools do not offer recommendations for your specific situation. For actual financial advice tailored to your unique needs, a formal client relationship with Way Financial needs to be established through proper channels. Way Financial and its representatives operate as registered investment advisors under fiduciary standards.

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