The biggest iron mine. The worlds biggest open pit iron mine can be found near Hibbing, Minnesota. At its maximum, the area covered by the Hull Rust open pit mine is five miles (8km) long, 2 miles (3,2km) wide and 535 feet (180m) deep. It looks like a man-made Grand Canyon of over 2,000 acres (8,1kmÂ²).
Nearly two-thirds of plans provide employer matching contributions today. Most common is a dollar-for-dollar up to a specific agreed percentage of pay which is commonly up to 6% of yearly income. The employer matching program is any potential additional payment to an employeeâs 401(k) plan.
If retirement is decades away, setting a specific goal amount is probably unnecessary. For now, focus on: Immediately saving at least enough to get the full match offered by your employer plan, if you have one. This is free moneyâdon't let it pass you by. Working your way up to 12%â15% of your pay, including any employer match. For example, you could increase your savings rate 1% every year until you reach your target rate.