Retirement plan decisions made easy
abcInvesting Blogs
October 2009
October 22, 2009
Many Companies Restoring 401k Match
A recent news report in the Wall Street Journal says that about half the companies that eliminated their 401k match are planning on restoring it. The recession led many companies to cut costs, and the company match was often reduced, suspended or eliminated. With better business conditions, companies hope to restore their match. However, they may not return to the same old plan. Especially likely are changes to a match determined by the business's profitability.
The 401k is a great retirement vehicle even without a company match, but it is hugely better for workers with a match. Employees, hang in there.
October 16, 2009
401k Contribution Limits for 2010
The IRS has just announced that contribution limits will be the same in 2010 as in 2009. They normally are increased each year with inflation, but we actually have had deflation, falling prices, and the law says that contribution limits are never lowered. So no change this year. You can read this explanation of 401k contribution limits.
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