More Companies Are Choosing to Skip 401(k) Matches
by
Francine Huff
November 14th, 2008
November 14th, 2008
If you have a 401(k) you’re probably reeling from the drop in your account’s assets as the stock market has plummeted this year. Just this week alone the Dow Jones Industrial Average fell 5%.
As if that isn’t bad enough, some companies have decided to suspend matches to contributions their employees make to retirement accounts. Among the big and small firms that are suspending company matches are General Motors and Ford Motor.
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