More companies are now offering a 401(k) match to their employees than were before the 2008 financial crisis, when many dropped it under duress, according to new data by Charles Schwab Corp. released Monday.
More companies are now offering a 401(k) match to their employees than were before the 2008 financial crisis, when many dropped it under duress, according to new data by Charles Schwab Corp. released Monday.
An increasing number of employers also are providing financial advice to 401(k) participants, Schwab found.
The figures are based on a study of the accounts of Schwab’s approximately 1.5 million 401(k) plan participants, offered through about 1,000 employers.
News Tribune news services
As the father of two college-age kids, Rob Harris knew that finding money to pay soaring tuition costs wasn’t going to be easy. Reluctant to saddle himself or his children with loans, the 55-year-old product development manager from Kansas City, Mo., tapped another source: his retirement savings.
There’s a difference between an inexpensive sandwich and a free lunch.
In a re-vote tallied Monday night, Boeing technical workers overwhelmingly approved a new four-year contract that replaces pensions with a 401(k) retirement plan for new hires.
The union for Boeing’s technical workers is planning its next move after members rejected a contract offer, splitting with engineers represented by the same union who approved the deal.
The union representing Boeing's engineers and technical workers alleged this week that the company is illegally banning employees from passing out union leaflets at the company's Everett plant and unlawfully requiring workers' mandatory meetings about an ongoing vote on a contract proposal.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.