My Account
Sign up, and you'll be able to vote in polls.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Oct 8, 2024
9:41
:31
am
IdahoCoug
Truly Addicted User
Grrr.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
IdahoCoug
Bio page
IdahoCoug
Joined
Mar 14, 2001
Last login
Oct 8, 2024
Total posts
14,717 (564 FO)
Report problem with this ad
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
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad