Search
 

IBM Makes Changes to 401(k) (WSJ)

Company could save millions by paying employee match in a lump sum at year-end.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IBM will alter its 401(k) plan next year by making its contribution to employee accounts in a lump sum once a year, on Dec. 31, in a move the Wall Street Journal estimates could save the company millions of dollars a year. IBM contributes from 6% to 10% of employees’ pay, but under the new system, workers who leave the company before Dec. 15 won’t qualify for the match unless they are retiring.

Treasury and Risk

Treasury and Risk

Treasury and Risk Staff Writers

More from this author

Recommended Stories

CEO War Games

Chester Dawson, William Wilkes, and Enda Curran |

Why, and how, many companies are hedging against the chaos of a full-fledged trade war.

Trump Threatens Merkel

Josh Wingrove |

Sanctions and troop cuts could result from Germany's continued forward movement on the Nord Stream 2 pipeline to bring Russian natural gas into the EU.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.