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.
When employers add matching contributions, they are based on a percentage of what you contribute. For example, a 401k plan might stipulate your employer will add 75 percent of the amount you contribute. If you contribute $8,000, your employer adds another $6,000, bringing the total contribution to $14,000.The maximum for employer contributions as of 2012 was $33,000.hen employers add matching contributions, they are based on a percentage of what you contribute. For example, a 401k plan might stipulate your employer will add 75 percent of the amount you contribute. If you contribute $8,000, your employer adds another $6,000, bringing the total contribution to $14,000.