SumDay
Thinks s/he gets paid by the post
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NEW YORK, Feb 6 (Reuters) - Employers are getting smarter about how they run retirement plans. They are making some moves that are good for younger workers, including automatically enrolling new employees in 401(k) plans and defaulting their savings into target-date funds, which offer an investment mix designed to meet retirement goals.
Other choices are raising eyebrows, including International Business Machine's decision to make its 401(k) matching contribution only once a year.
David Huntley, principal at HR Consultants in Baltimore and publisher of "The 401(k) Averages Book" talks about these and other trends.
YOUNG BUCKS - How and why your 401(k) is changing | Reuters