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Economy

JT45242

(3,624 posts)

2. When venture (aka vulture) capitalists bought the company that I work for they dropped from 6 % to minimum 3%

Reply to Raven123 (Original post)

Fri Sep 5, 2025, 09:35 AM

Sep 5

Over the dozen years that I have worked for this company the percentage that they put into retirement has steadily dropped.

It used to be that they put in a percentage plus matching. Then the extra percentage went away. Now the matching has dropped from matching up to 6% to the legal minimum of a 401k of 3%.

I would not be surprised if they defund the 401k and no longer contribute at all.

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Highlight:

Scherwin - Williams cutting matching 401k contributions [View all] Raven123 Sep 5 OP

Employee fortunes rise and fall with their employers bucolic_frolic Sep 5 #1

When venture (aka vulture) capitalists bought the company that I work for they dropped from 6 % to minimum 3% JT45242 Sep 5 #2

Of course they needed to 86 the 401k MaineBlueBear Sep 5 #3