Say Goodbye To Your 401(k)?
Okay, okay, don’t panic: we’re not talking about the money in your 401(k) right now. That’s up to the stock market, not us. But companies are offering, and planning to offer, fewer retirement perks to employees in response to the recession, a new study finds.
Hewitt Associates’ annual survey of 150 mid-to-large employers found that while half of employers offer automatic 401(k) enrollment, only one quarter are likely to add it for new hires, down from 57 percent last year.
Of
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in