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.
ExxonMobil Restarting 401(k) Match; American Express Doubling Auto-Enroll Percentage
Some good news about a couple of large corporate 401(k) plans in recent days, as ExxonMobil plans to…
July 5, 2021
Duke Reinstates 403b Match—And Takes It One Step Further
Not only have many entities reinstated matching contributions they suspended last year during the pandemic as cost-saving measures;…
June 24, 2021
8 in 10 Employers Provide 401(k) Match, Survey Finds
While employers often provide matching contributions to their traditional 401(k) plan, they typically delay fully vesting their employees…
June 18, 2021
Plan Sponsors Get Company Match Back on Track
Amendment activity shows employers are bringing back the match
May 14, 2021
Don’t Be an April Fool: Celebrate 4/01k Day Instead
OK, we realize that the Friday after Labor Day is traditionally recognized as National 401k Day, but if…
March 31, 2021
By the Numbers: 401k Plan CARES Act Activity
As we approach the first anniversary of the CARES Act on March 27, more and more plan sponsor…
March 1, 2021
Tesla Bets Big on Bitcoin, Starves its 401k Plan
Tesla is bullish on Bitcoin, but not so much on its own 401k plan, apparently. Tesla made headlines…
February 9, 2021
CITGO Pauses 401k Match, Plans to Cut Salaries Jan. 1
When the price of oil drops for prolonged periods of time, the trickle-down affect can reach all the…
November 16, 2020
3 Ways Advisors are Using Data to Prioritize Plan Changes
Over the last decade, the retirement industry has witnessed the significant impact of strategic plan design on participant outcomes. A growing body of research shows the benefits of features like auto-escalation, auto-enrollment and more, but how do plan sponsors decide which levers… Article Presented By: BlackRock
September 17, 2020
Most Influential Factor for Participants to Save for Retirement?
Not surprising, but refreshing to see it reinforced—employers play a critical role in motivating their employees to begin…
September 3, 2020