Employers may switch to annual 401(k) matches to save costs, simplify administration, and align with perceived market practices, though this approach can agitate employees.
Employees face significant downsides with annual matches, including the risk of losing out on contributions if they leave the job before year-end.
The shift to an annual match can erode trust, especially when employers make changes without clear communication, leading to potential employee dissatisfaction.
While annual 401(k) matching is not common, it represents a growing trend that may reflect broader cost-cutting measures within companies.
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