Tag: 401k
Introduction Charles Schwab & Co.’s decision in March 2003 to suspend its matching contribution to its 401(k) plan made headlines. But Schwab is not the only company to suspend the employer match. This Issue in Brief looks at the nature of the employer match in 401(k) plans, the role that the match plays in individua…
Introduction This brief explores how the shift from defined benefit to defined contribution pension plans might affect bequests and thereby consumption and saving. Bequests can occur under two different types of circumstances: (1) individuals plan to leave an inheritance for their heirs (an intended bequest); or (2) individuals have no specific inheritance plans, but d…
