Browsing Tag
401(k) Company Match
59 posts
A 401(k) match (or matching program) is the portion that an employer contributes to a 401(k) or similar defined contribution plan. Often used to attract and retain high-quality employees in tight labor markets, a match is also offered to encourage worker participation in an employer-sponsored retirement savings plan.
A match will typically consist of a percent of the employee’s salary-deferred 401(k) contribution. For example, an employer might match 50% of the employee’s contribution, up to 6% of the employee’s salary, or 3% of the employee’s salary.
How 401(k) Participants Benefit from Employer Matches, Falling Fees
New ICI and ISS MI BrightScope report analyzes large 401(k) plan design
Access to 401(k)s Surges Past 70 Million in 2023: Capitalize
New Capitalize 401(k) Statistics Tracker finds 6 in 10 U.S. workers now have access to a 401(k) at work
Employee Benefits Disconnect: Workers Prioritize Pay and 401(k) Match, But Not Employers
Franklin Templeton’s Voice of the American Workplace Survey shows employers and employees not on the same page regarding benefits priorities
Betterment at Work Launches Student Loan 401(k) Matching Solution
Employers using the Betterment at Work solution will be able to make matching 401(k) contributions on an annual or per-payroll basis
IBM Replacing 401(k) Match with 5% ‘Retirement Benefit Account’ Contribution
Tech giant employees can still contribute to their 401(k), but key incentive to do so going away in 2024
The ‘Smart’ Thing to Do with a Refund of 2023 Taxes
No, not your 2022 tax refund; yes, the 2023 tax refund workers will receive a year from now! Jack Towarnicky has advice on the subject for 401(k) plan sponsors
Merging Seven Plans Into One
The OneDigital team faced an ultimate task: create and design a cohesive retirement plan for 1,800 participants by January 1.
Pandemic Pushes Planned Retirement Age by 3 Years: Franklin Templeton
New “Voice of the American Worker” study blames pandemic, inflation and uncertain economy for pushing age Americans plan to retire from 62 to 65
BNY Mellon Switches to Annual Matching Contributions for 2023
The NY-based asset manager said it will be changing its 401(k) matching contributions to a one-time annual match
401ks Saw Record-High Contribution Rates Last Year: PSCA
Just-released Plan Sponsor Council of America Survey of 401k and Profit Sharing Plans shows the highest employer contribution rate in the 65-year history of the survey