Tag: employer match

Photo of a leaky pipe

The U.S. retirement savings system has always been a little leaky. But the leaks seem to be getting bigger. Some Americans are eyeing withdrawals from their 401(k) plans as the best of a few bad options for paying their rent or solving other cash-flow problems. As of May 8, 1.5 percent of retirement plan participants…

100 US dollar frozen under a layer of ice

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…