Tag: Bank of America
At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan, and few workers save without one. The coverage gap, which undermines the retirement security of the nation’s workers, is driven by a lack of coverage among small employers…
Only a handful seem like logical candidates, with big banks topping the list. IBM announced last November that it would no longer contribute a traditional company match and instead reopen the cash balance component of its previously frozen defined benefit plan. The question is, what other companies might follow suit? The answer is mainly big banks, but…
