KPMG Swaps 401(k) Match for Automatic Employer Contributions, Expands Parental Leave, and Reduces Employee Healthcare Premiums

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KPMG Swaps 401(k) Match for Automatic Employer Contributions, Expands Parental Leave, and Reduces Employee Healthcare Premiums
HR Dive

Nov. 12, 2021

"Accounting firm KPMG will no longer match employees' 401(k) contributions and instead will make automatic contributions equal to 6-8% of a worker's pay ... The announcement was accompanied by ... a reduction in healthcare premiums, a more robust parental leave program and an expanded employee recognition program."

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