Browsing Tag
401(k) Company Match
58 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 Engaged 401k Participants are Saving Significantly More
Taking full advantage of employer match among the ways engaged participants are socking away 56% more than unengaged participants, new research from Empower finds
Employers Are All-In On 401k Saving—Here’s How
The most common simple match was 50% up to a participant contribution of 6% of pay
Amazon Adds 401(k) Plan for Delivery Service Partners
Addition of DC plan for DSPs comes with a $60 million commitment to help its small business owners match employee contributions
401k Contributions Reason For Strike at Major Company
'We will not allow this company to put our members’ hard-earned retirements in jeopardy.'
Workers Reevaluate What They Want From Employers
New report from Franklin Templeton reveals that traditional retirement indicators remain less important, while living comfortably and independently are top financial concerns
Meta Among Companies Boosting 401k Contributions in 2022
Facebook parent doubles its match to 100% for first $10,250, joining KPMG and Boeing in sweetening retirement plan benefits to combat The Great Resignation
A Better 401k Cited as Top Reason to Switch Jobs
New survey from Betterment’s 401k business shows a “high-quality 401k” and a “401k matching program” are the most enticing benefits for potential job-changers
KPMG Makes Company 401(k) Contribution Automatic
Consulting giant swaps out company match for automatic firm contribution up to 8%, regardless of whether employee contributes or not
Further Proof that Auto-Enrollment is Key to Saving Earlier for Retirement
If you automatically enroll them, they will save… sooner. A new survey has found the vast majority (84%)…
ExxonMobil Restarting 401k Match; American Express Doubling Auto-Enroll Percentage
Some good news about a couple of large corporate 401k plans in recent days, as ExxonMobil plans to…