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Companies stopping 401k matches

Discussion in 'Sports and News' started by DanOregon, Oct 29, 2008.

  1. DanOregon

    DanOregon Well-Known Member

  2. imjustagirl

    imjustagirl Active Member

    I guess I shouldn't bitch about getting 50 percent up to 4 percent, huh?
  3. buckweaver

    buckweaver Active Member

    Hell, I don't get any match right now. Gotta work at least a year to start matching at all, and gotta work 6 years until I get fully vested.

    All the money I've lost this year has been my own. :-\
  4. MacDaddy

    MacDaddy Active Member

    My previous stop didn't match anything for anyone (except for managers, of course) and hadn't for at least a decade.
  5. Shaggy

    Shaggy Guest

    My shop matches 25 percent up to 4 percent. I'll take it.
  6. imjustagirl

    imjustagirl Active Member

    Yeah, I can't even start contributing to the company plan for another month or so, and then they don't start matching me until I think another three months.
  7. novelist_wannabe

    novelist_wannabe Well-Known Member

    How long's it going to take you to think for three months? [/ducking]
  8. PeteyPirate

    PeteyPirate Guest

    100 percent up to 6 percent, baby.
  9. Twoback

    Twoback Active Member

    In most cases, the decision not to match 401(k) means that those companies no longer are contributing ANYTHING to their employees' retirement.
    Yes, the move to the 401(k) system was a beaut.
  10. Ace

    Ace Well-Known Member

    So they aren't going to put their worthless stock in my free-fallking 401K?
  11. poindexter

    poindexter Well-Known Member

    That is a great plan, few in any industry have that.

    Anyone not contributing the 6% is a fool.
  12. imjustagirl

    imjustagirl Active Member

    Oh, novvie. Doesn't work because you inserted the 'for.'
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