Tag: 401k match
How unusual is a 10-percent 401(k) contribution – with no required employee contribution? A reporter asked recently what I thought of the new 401(k) contribution rate in the United Auto Workers (UAW) agreement with Ford, General Motors, and Stellantis. The companies have agreed to increase their 401(k) contributions from 6.4 percent 10 percent of pay…
But suspension much less important this time around. As soon as the economy shut down last March, our center decided to systematically record the names of companies that announced they were suspending the employer 401(k) match. We thought we were quite clever because during the 2008-2009 meltdown, we started late and had to go back…
