“Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Taken together, these measures are making it more difficult to save for old age. Major companies that have engaged in such practices in recent years include Whole Foods Market Inc. (WFM), Facebook Inc., Oracle Corp. (ORCL), Caesars Entertainment Corp. and JPMorgan Chase & Co. 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, according to hundreds of government filings analyzed by Bloomberg.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
As Distressed Debt Climbs, High-Yield Bonds Underperform
UN finds Syria war crimes 'on both sides'
In Maryland, a Soviet-Style Punishment for a Novelist
Bored With Banking, This Former Citi Trader Went Full Crypto
Airbnb loses thousands of hosts in SF as registration rules kick in
China slaps cap on overseas UnionPay cash withdrawals
Dish Network Says It Will Accept Bitcoin
British man who 'vanished' after being stripped of citizenship says he was tortured, forced to sign ...
How Wall Street Lawyer Turned Insider Trader Eluded FBI
China defies IMF on mounting credit risk and need for urgent reform
Will civil war hit Afghanistan when the U.S. leaves?
America's public finances: The Unsteady States of America
US tax deal hits profits at Liechtenstein bank by over $23 million
Officers on college campus begin carrying 'assault rifles'
Nineteen ICE agents call for dissolution of agency