<prompt> Human: After speaking with a financial advisor I have determined that contributing to my 401k is not the best solution for meMy company offers no match and I still have some student loans. For some reason management really seems insistent on encouraging us to contribute. Is this just because they have our best interest in mind, or could there possibly be some financial motive for them to have more buy in for the 401k?  <response>: With near certainty it is because of IRS HCE rules Highly Compensated Employees. If not enough non-HCE employees contribute to the 401k then the contributions for the HCEs are capped. Im capped at 7 contribution which puts me well below the IRS contribution limit. It pisses me off and I wish my HR spent as much time promoting the 401k as they do pushing the health plan enrollment each year. Edit: There are many valid reasons for people not to contribute to their 401k, I just dont think I should be affected by their decisions. 