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Companies from Facebook to JPMorgan Squeeze 401(k) Plans
Bloomberg Link to more items from this source
Feb. 17, 2014
"The most frugal have been scaling back company matches and setting lower limits for the maximum annual payment they'll make to a 401(k) account ... A difference of three percentage points on a match can add up to hundreds of thousands of dollars lost for employees over the course of their careers.... Companies ... say their 401(k) policies are partially dictated by bottom-line considerations and marketplace competition. Others say that when setting their 401(k) contributions, they consider a wide range of benefits and their costs as well as employee preferences, including health care, vacation policy and incentives such as performance bonuses, stock options and outright grants."

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