DD's company has thrived through the last couple of years too. Partially by not giving any raises. Combine that with increases in health care costs, and her paycheck (low paying job) is down about 4%. Rough time to be starting out.However, she still manages to save a little each month. I'm proud of her for that.
They also don't give matches in the 401(k) plan. And they have high fee lousy investment options. I just had her stop her 401(k) contribution since she doesn't need a tax break. She is direct depositing the money into a savings account to help build her emergency fund up, and will later move it into a Roth. Glad you can still opt out of the 401(k)s. Some people are talking about making them mandatory.
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers
DW and I - FIREd at 50 (7/06), living off assets