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.
Employer Contributions. Employers have the option of adding matching contributions to 401(k) plans. Typically, employer contributions are calculated as a percentage of your salary or your contributions. Like the money you put into your 401(k), employer contributions are tax free.However, because they are not part of your salary, employer matching contributions do not affect your taxable income.ypically, employer contributions are calculated as a percentage of your salary or your contributions. Like the money you put into your 401(k), employer contributions are tax free.