Nearly 46,000 businesses slashed 401(k) contributions during pandemic
Nearly 46,000 businesses slashed 401(k) contributions during pandemic CNBC 12/17/2020 Greg Iacurci About 8% of employers cut 401(k) contributions during the Covid pandemic, according to a Plan Sponsor Council of America survey. Another 1% are considering doing so. That would equate to more than 51,000 plans, according to federal data. Small businesses were the most likely to take such cost-cutting measures. © Provided by CNBC Thousands of companies have cut funding they typically pay to 401(k) investors, due to the coronavirus pandemic, according to a new survey. About 8...
Source: msn.com