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.
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 401k Plan Pain
Current controversy over worker access to quality 401k plans (or lack thereof) is something even the world’s richest…
Another Bank Announces 401k Tax Bill Boost
Aflac, Nationwide, Visa, a bevy of banks and a telecom company—now add one more to the mix. SunTrust…
Another Company Cites Tax Bill in 401k Match Bump
Update: Credit card staple Visa said Monday it will also increase contributions to employees’ 401k savings plans as a…
401k Tax Bill Triumph or Phony PR Stunt?
We’re hoping for the former, but who really knows? The passage of the president’s tax reform overhaul brought…
‘More Money, More Savings’ Study Finds
It’s a lack of retirement-related education, not resources, that cause many with less to forego saving. That’s the…
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
Since when do American pass up free stuff, especially money? A new research report, “Missing Out: How Much…