Do most retail jobs offer 401k plans and do I really need one?

I'm 22 and just got offered a job as a full time cashier at a department store. They offer health insurance but don't have any savings plans such as 401k or anything similar. I want a job I can stay at for several years so I'm wondering if a 401k plan is even necessary and if any retail stores or entry level jobs do offer 401k plans. What do you guys think?

Asked By: Megan - 10/19/2008
Best Answer - Chosen by Asker
Next important thing in this life next to God & Family is to realize in this life it is important to SAVE. Before the economy went bad people didn't save and went into debt do not wait until a crisis to occur for you to realize that saving is important. You are 22 so I think that it is time for you to do it and try to... More
Answered By: Ursugardaddy - 10/19/2008
Additional Answers (6)
Most retail jobs do not offer 401k plans. If you are looking for a job to have for several years you should set your goals a lot higher than department store cashier.
Answered By: redhairedmama75 - 10/19/2008
I would recommend a 401k but not right now with how the economy is...a lot of people lost their 401ks and you might lose yours so i would wait untill things get a little better.
Answered By: *Banana Burst* - 10/19/2008
I would be extremely surprised if a retail job offered a 401(k). Maybe at the management level they might, but as a cashier, you're not going to see a lot of benefits and definitely not a retirement plan... More
Answered By: Aimee - 10/19/2008
At your age it would be the best favor you can do for the future you is to get a job with a 401K. Health Insurance is the number one requirement... 401K should be right next to it. Don't cheat yourself and settle for a job without one.
Answered By: Common Sense - 10/19/2008
Since your employer doesn't offer a 401K, it isn't even something to be concerned about at this time. You can't do it without your employer subscribing to it... More
Answered By: mccleary97502 - 10/19/2008
Your young now and don't understand your needs in 40 years.....I invested 25% of everything I made........and when a 401 was available I saved 25% and my employers match.........I retired at on the beach.......not a care in the world.............its easy to start a plan at 22...........really... More
Answered By: kapn - 10/19/2008
Sponsored results
$45/hour Part-Time Job Openings. Requirements: Must Have Computer.
$45/hour Part-Time Job Openings. Requirements: Must Have Computer.
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-202