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As the 401K match.
Back many companies are restoring -- K matching contributions drop in the height of the recession.
But some are requiring employees.
To kick in more of their own money to get the retirement benefit we're done that Wall Street Journal reporter Kelly green.
Who wrote a great piece on this exact thing today in the paper and great to have you here I was reading at this morning and here you are.
-- -- -- companies are coming back they have to come back right this match but they're choosing to you why is that happening.
There's some pressure.
In the job market as particularly in high at least among highly skilled industries there -- industries that require highly skilled workers if you need engineers.
If you're in a city where there are a lot of plants that also compete for the same welders the same machinists.
Then you might have -- pressure.
If you have a lot of white collar workers who have transferable skills who could start to look around.
Because the the maturity of companies did not.
Do away with their for a -- -- benefits.
Says this is are not yet -- -- this is a large minority were talking about it's significant there a lot of household names among these companies like UPS.
But but that's one of the reasons behind the restoration what they're doing but they're giving -- less than before they're not matching as much as they were before I mean there were some companies back twenty years ago that would match.
And 50% was kind of the -- minimal right you're saying if that's changed Oprah might your restriction and gather some companies there -- dipping their toe back and first they're putting a cap on how much they'll match this year.
And saying that as things if things improve more and then they will come back -- Or they are matching 50% at a higher.
Rape of the workers' savings they're trying to get people to put in more on their own and making that you know making the -- -- extend a little bit farther to try to get them to do it.
But that even when -- get -- at 50% now instead of a 100% they might that's it.
-- you might get 2.5 percent of your pay total now from the company.
Purses 3% before and okay it has just like -- clients a little bit and yeah -- a good -- you think well it's a good.
Angle when the markets are going up it's a good thing.
When the markets are going down 41 case that's why a lot of companies pulled out in 2009 because they got nervous about the investments in there and that's a they have a liability about the proper investment choices for the participants.
Kelly green great piece today's Wall Street Journal.
It's always nice to have because the building by the way things are coming -- on.
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