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.
A 401(k) allows employers and employees to make pre-tax contributions. The same is true for Savings Incentive Match Plan for Employees individual retirement account plans, often referred to as SIMPLE IRAs, but employers canât adopt this type of plan if the company has more than 100 employees. Both plan types have contribution limits.