Browsing Tag
401(k) Company Match
61 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.
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 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…
Duke Reinstates 403(b) Match—And Takes It One Step Further
Duke University 403(b) contributions restored with retroactive payments and ongoing employer support for faculty and staff retirement plans.
8 in 10 Employers Provide 401(k) Match, Survey Finds
Over 8 in 10 employers with a traditional 401k plan provide matching funds, finds XpertHR's 2021 Survey on Employee Benefits.
Plan Sponsors Get Company Match Back on Track
Amendment activity shows employers are bringing back the match
Don’t Be an April Fool: Celebrate 4/01k Day Instead
Message from Lincoln Financial this April 1 (or 4/01k Day): Don’t let plan participants fall for common retirement saving misconceptions.
By the Numbers: 401(k) Plan CARES Act Activity
CARES Act distributions 2020 show participant trends, with most staying invested and only 6% taking coronavirus-related withdrawals.
Tesla Bets Big on Bitcoin, Starves its 401(k) Plan
Tesla Bitcoin Strategy drives headlines with $1.5 billion investment & new payment options, signaling a major shift in auto industry finance.
CITGO Pauses 401(k) Match, Plans to Cut Salaries Jan. 1
When the price of oil drops for prolonged periods of time, the trickle-down effect can reach all the…
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