How far is your 401K going to take you in retirement?
According to a study by financial website SmartAsset, if you live in Centralia or University Place, the answer is pretty far.
SmartAsset ranked the two South Sound cities among the top 10 Washington communities with the best 401K plans. Centralia came in at sixth on the list, while University Place ranked 10th.
The site’s methodology involved weighing factors such as employer contribution percentage, annual administrative fees, and investment performance. You can read the detailed study at this link.
Both South Sound cities fare well compared to the state average when it comes to employer contributions, with Centralia (at 50.9 percent) and University Place (56.1 percent) far outpacing the state (33.5 percent).