Under a House bill aimed at increasing individual retirement savings, Americans could save more in their 401(k)s and keep their nest eggs for longer. The bill, which was passed by a vote of 414 to 5, raises contribution limits for older workers and allows employers to offer employees a small cash bonus simply for enrolling… Continue reading 401(k) Savings Plans Get a Boost in Bipartisan Retirement Bill
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Companies Sweetening 401(k) Plans in Tight Job Market
Facebook’s parent company, Meta Platforms, and consulting firm KPMG U.S. are among a growing number of companies that are putting more money into their employees’ 401(k) retirement accounts, using another lever to attract and retain staff in the face of high turnover and competition for talent. According to preliminary results of a survey of about… Continue reading Companies Sweetening 401(k) Plans in Tight Job Market