Tag: Employer Contributions
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 the COVID-19 crisis and ensuing economic collapse. Although employers have adopted a…
We need a special commission with a targeted mandate to review tax expenditures Peter Diamond, a 2010 Nobel laureate in Economics, argued in the New York Times (11-19-12) that the way forward with the budget should not involve wide-ranging, politically-motivated supercommittees but rather narrowly-targeted commissions without sitting members of Congress. These commissions would recommend specific…
