A majority of U.S. companies are making it easier for employees to access their 401(k) plans’ assets even as some companies are cutting matching contributions amid the COVID-19 pandemic. These findings are according to the latest pulse survey by Willis Towers Watson, a leading global advisory, broking and solutions company. The survey also revealed companies… Continue reading More Employers Easing Access to 401(k) Assets Amid COVID-19
Tag: coronavirus retirement impact
Companies Hit Hard by Coronavirus Look to Cut 401(k) Contributions
The market’s decline has already damaged retirement account balances. Now, more companies are cutting the contributions they make to employees’ 401(k) plans to save cash in the economic crisis sparked by the coronavirus. Amtrak, La-Z-Boy Inc., retailer Mattress Firm Inc., and travel tech company Sabre Corp. are among the first in an expected wave of… Continue reading Companies Hit Hard by Coronavirus Look to Cut 401(k) Contributions