Browsing Tag
401(k) Company Match
60 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.
The True Cost of the 401(k) Match
For a startup or a small business, 401(k) matches can seem like a worthy but unattainable benefit. Even…
401k Match on Student Loan Repayments: Godsend or Mixed Blessing?
In a Private Letter Ruling (PLR), the IRS has recently sort of, kind of, maybe, in special circumstances…
Jeff Bezos Embroiled in 401(k) Plan Pain
401(k) worker access dispute puts Bezos in spotlight as Washington Post employees fight for fair retirement benefits and pay.
Another Bank Announces 401(k) Tax Bill Boost
SunTrust tax reform benefits include 401k boost, wage increases, community grants, and financial wellness incentives.
Another Company Cites Tax Bill in 401(k) Match Bump
401(k) contribution increases follow tax reform as Visa, Nationwide, and Aflac boost employee matches and offer bonuses.
401(k) Tax Bill Triumph or Phony PR Stunt?
News of the passage of the president’s tax reform overhaul brought with it announcements from several large corporations of bonuses and pay raises for workers.
‘More Money, More Savings’ Study Finds
Retirement education, not resources, explains why many middle-income workers miss out on full savings from employer 401k plans.
Great News About 401(k) Plans to Close Out 2016
401(k) employer contributions drive savings as most plans include matches, diverse investment choices, and lower mutual fund fees.
Microsoft Boosts 401(k) Benefits, Adds Other Generous Retention Strategies
Don’t you wish you worked for Microsoft? On the heels of Netflix ridiculously generous parental leave policy—the company…
Americans Miss $24 Billion in 401(k) Company Matches Annually
Americans miss out on $24 billion in 401(k) company matches annually, losing about $1,300 per employee each year.