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.
5 Companies with Generous 401k Plans
Earlier this month, U.S. News & World Report posted an article titled “Companies With the Best Retirement Plans,”…
February 11, 2020
Big ‘Best Practice’ Story of 2019—Top Ranked 401k Plans
Who’s doing it right? MONEY’s rankings of “401k superstars”—companies that offer workers top-rated plans in various industries—caught our…
December 31, 2019
FedEx to Close Pension Plan to New Hires, But Will Deliver Higher 401k Match
Count FedEx among the major companies continuing the shift from a pension plan to a 401k for employee…
November 20, 2019
Can a Company Implement a Match Safe Harbor Mid-Year?
Businesses make strategic changes throughout the year. These changes may involve ramping up or down employees, buying or…
June 17, 2019
Unintended Consequences of Stretching the 401(k) Match
When it comes to behavioral nudges to encourage higher participation and contribution rates in 401(k)s, stretching the match…
March 6, 2019
Company Says Student Loan Payments Now Eligible for 401k Match
Insurance giant Travelers has announced a new benefit for its employees that “takes the tough choice out of…
March 4, 2019
Guess What Workers Want More Than a Wage Increase…
Show me the money benefits! It may not roll off the tongue as nicely as Jerry Maguire’s famous…
November 28, 2018
MyRA Makes A Comeback (No, Seriously)
Forget RESA, it’s all about EASA. Fresh from reclaiming their congressional prize, Democrats introduced the Encouraging Americans to…
November 20, 2018
Don’t Fret! Here’s How to Fix 401k Elective Deferral Failures
In order to encourage employers to use plan designs that include automatic contribution features (such as auto enrollment…
November 14, 2018
The True Cost of the 401k Match
For a startup or a small business, 401k matches can seem like a worthy but unattainable benefit. Even…
November 13, 2018