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.
Matching 401k Contributions Have Dipped 5.5% During Pandemic
Employer matching contributions to retirement plans decreased 5.5% from March through July (based on projections), a 2 percentage…
September 2, 2020
It’s Official: Plan Sponsors Design 401ks to Engage Participants
It’s all about the plan design, and 401k advisors’ persistence in getting sponsors to understand that fact is…
August 20, 2020
Exxon Mobil to Suspend 401k Match in October
One of the world’s largest corporations by revenue is planning to suspend the employer match to its 401k…
August 5, 2020
COVID Causes 1 in 10 Plan Sponsors to Halt 401k Matching Contributions
The latest look at what’s happening with 401k employer matching contributions during the COVID crisis shows that one…
July 30, 2020
Employer 401k Contributions Keep Up in COVID Crisis
Good news—most employers are current with their retirement plan matches and contributions. New research from the Plan Sponsor…
June 25, 2020
10 Big 401k Plans Suspending Matching Contributions in 2020
The Center for Retirement Research at Boston College has compiled a chart of all the companies known to…
June 2, 2020
Major League Baseball Team Suspends 401k Employer Match
Whether or not professional baseball will be played this season is still undecided, but one team is positioning…
May 1, 2020
Financially Illiterate Miss Out on 401k Matching Contributions
It’s easy enough to see how someone who is not particularly financially literate might not realize the benefit…
April 21, 2020
More Companies Look to Cut 401k Plans
Stocks are on sale. The consensus from 401k advisors is that participants stay the course and let the…
April 2, 2020
401k Matching Contributions at High Risk Due to Coronavirus Crisis
With mass layoffs, furloughs and dramatic drops in business revenue infecting sectors across many industries as the U.S.…
March 31, 2020