Thank you all for the input!
Here’s some more detailed information to help decide:
Gross Salary: $61,500
Career: Engineering
Plan: Leave company once I get license or negotiate a higher salary and better 401k plan
State: NJ (stuck here because I can live with someone for a few years)
Status: Single
Age Range: 20-25
Side Business Income: Net Loss for the year of about $1,000
Other Income: Dividends/Interest = ~$100/month
Plan Provider: Voya, has about 20 funds to choose from
From my research, it seems worth maxing my 401k (as opposed to contributing more to a taxable account). It would lower my AGI by $19,500, saving me over $3,000 in federal taxes alone. Plan would cost me $1,000 or less between fees and opportunity costs (funds available are things like large cap, small cap, etc. so it doesn’t cover the market as well as Vanguard). Am I missing anything from this analysis?