Tag: 401(k) match
Will employers, as in previous recessions, restore the match as the economy recovers? The employer match of employee contributions is an important characteristic of 401(k) plans. The match was designed to encourage participation and contributions – particularly by lower-paid employees. However, at a growing number of companies, the employer match has become a casualty of…
Bottom line impact on workers depends on the extent of the response and on how Congress decides to pay for the money it is borrowing to finance the corporate tax cut. A reporter called recently to ask what I thought about some companies sweetening their 401(k) plans in response to the tax cut. It took…
