LayoffBlog.com

November 21, 2008

Your 401(k) match at stake

According to CNNMoney: “As the faltering economy forces companies to cut back, employee perks are among the first things to go. And along with free coffee in the break room, the next thing your employer might axe is its contribution to your retirement savings plan.

About 84% of companies in the U.S. offered employees a 401(k) match as of last year according to Watson Wyatt, a benefits consulting firm.”

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