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.
The employer match should be a minimum In a nutshell; at the very least you should contribute as much money as your employer is willing to match. Let's say your employer offers to match 50% of your contributions of up to 6% of your salary.Well, if you make $50,000 per year, this amounts to you setting aside $3,000 per year on a tax-deferred basis.et's say your employer offers to match 50% of your contributions of up to 6% of your salary. Well, if you make $50,000 per year, this amounts to you setting aside $3,000 per year on a tax-deferred basis.