5 ms·
Don't they all have a match? It would be nice if people could keep the match and have more control over their portfolios. Buy & sell stocks, bonds, commoditie
by jstewartmobile 9y ago
Don't they all have a match?
It would be nice if people could keep the match and have more control over their portfolios. Buy & sell stocks, bonds, commodities, etc. whenever instead of a very small basket of mutual funds that can only be juggled a few times a year.
- user5994461 9y agoWe had that when I was working in a top investment bank, in the UK office. The employment contract was accompanied by a 50 page document explaining the pension system, a long tutorial on risks/asset-types/location/diversification and everything you ever wish to know about pension, and last but not least the 20 funds they make available to us.
- hkmurakami 9y agoyes the limitation of 401k plan fund choices seems very arbitrary to me. Perhaps a result of lobbying, or a remnant of the past when such limitations were a good call?
- JoshTriplett 9y ago> Don't they all have a match? No, some employers just pay in whether you do or not, and your contribution doesn't in any way change theirs.
- exclusiv 9y agoWe don't do a match but offer a safe harbor automatic 3% contribution which everyone gets. This is nice because some younger employees don't contribute anything but we're still helping out their 401k.
- pinewurst 9y agoStartups (and even quite a few more mature companies) seldom match. I'm noticing this in a job search now.
- brewdad 9y agoMy wife's doesn't have a match per se. Instead the company contributes a lump sum annually that amounts to about 5% of her income. She wouldn't have to contribute anything to get this money and it doesn't count against her annual cap. It is accounted for separately from her contributions, so might technically not be a part of her 401k.