Open enrollment: A great time to review your retirement plan

If you work for a medium-to-large company, you may now be entering the “open enrollment” period — that time of year when you get to make changes to your employee benefits. Your benefit package can be a big piece of your overall financial picture, so you’ll want to make the right moves — especially in regard to your employer-sponsored retirement plan.

Take a close look at your 401(k) or similar plan, such as a 403(b), if you work for a school or a nonprofit group, or a 457(b), if you work for a state or local government. And keep these possible moves in mind:

• Boost your contrib...