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Oct 8, 2024
10:11
:33
am
Q-grr
All-American
If you accept it then it becomes your fault.
What are the down sides to floating your resume out there?
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Q-grr
Bio page
Q-grr
Joined
Dec 1, 2001
Last login
Oct 8, 2024
Total posts
22,281 (60 FO)
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Messages
Author
Time
Company has said they are reducing 401k match by .5% next year. I'm miffed.
Avery
9:40am
C-suite getting big increases?
HFF
9:41am
Grrr.
IdahoCoug
9:41am
The perils of not working for the man....no 401K.
Ycrazy
9:44am
Even if revenue is doing well, maintaining margins has become increasingly difficult with costs going up all over
WDaddy
9:46am
Not working for the man = 0% match (-7.5% if you consider FICA as retirement contributions).
Byron McNertney
9:46am
So what is the total % match?
fulano
9:50am
Its going to be a whopping 2.5%.
Avery
9:53am
wow. I feel fortunate to have had 6% match my entire career
fulano
9:54am
That is what I used to have.
Avery
10:00am
We reduced match due to budget constraints, I assume the same for your company
Projectoor
9:50am
IMHO, that can't be a great sign. Seems like a relatively small cost savings that will result in lower morale. Perhaps
slappy
9:51am
Often times compensation isn’t determined by the employer’s financial health as much as what the people offering
cheezedawg
10:01am
Agreed. Most any employer will pay the absolute minimum necessary to keep key talent. Cutting the 401k match is
slappy
10:07am
How big is your company?
macdizzle
9:56am
Says 10,000+ employees on our linkedin page
Avery
9:59am
If you accept it then it becomes your fault.
Q-grr
10:11am
My employer (state govt) mandates a 7.5% contribution, but matches 7.5%
AggieWeekendCougar
10:31am
So my company announced at the first of the year
vandalcoug
11:38am
Can vary on industry and company size
Projectoor
11:44am
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