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.
Retirement account contribution limits. If you participate in a workplace plan â such as a 401(k) â consider contributing at least enough to qualify for the maximum employer matching contribution. Itâs essentially free money, so you donât want to miss out on it. People age 50 or above can make catch-up contributions to IRAs and most workplace retirement plans. These special contributions are in addition to the regular contribution limits and represent an opportunity to top off your retirement savings.