Comments on: Boo: No More 401k Employer Match

By: Livin’ the High Life…Sorta. » Pants in a Can

Livin’ the High Life…Sorta. » Pants in a Can — Mon, 07 Jun 2010 09:45:33 +0000

[...] summer, they dropped the 401k match. I was upset then but… tried my best to ignore it as it didn’t really influence my take [...]

By: Three Misguided Senior Perspectives from a 30-Something » Pants in a Can

Three Misguided Senior Perspectives from a 30-Something » Pants in a Can — Thu, 05 Nov 2009 01:38:55 +0000

[...] contributing to it pretty heavily for a dozen years to receive the largest possible employer match (from when they were *still* offering a match). You know, basically making the most of it that I possibly [...]

By: Net Worth Update: July 2009 (+$5,587) » Pants in a Can

Net Worth Update: July 2009 (+$5,587) » Pants in a Can — Fri, 03 Jul 2009 00:29:39 +0000

[...] I almost can’t believe that I’m pondering lowering or even eliminating my contributions… More often than not, this seems like a cash [...]

By: Money Beagle

Money Beagle — Fri, 26 Jun 2009 11:29:35 +0000

My company stopped matching at the end of May. I’m guessing that they will probably not reinstate it. Oh, well. Actually it was the first company I ever worked for that had a match, so I got to enjoy it for one who year!

By: Brainy Smurf

Brainy Smurf — Thu, 25 Jun 2009 01:05:02 +0000

@Little People Weath Right now they’re claiming that they’ll make a decision on a year-by-year basis.

Problem is, the way they deposit the employer match, we’d only find out if they’re matching after we’ve already contributed — and they’d already know in advance with certainty how much a match would cost them.

Combined, it’s a bit too much of a gamble on my end to count on them making the match and when they know exactly how much it will cost them before committing, I can’t imagine a scenario where (or why) they’d reinstate it in the short term, if ever.

By: Little People Wealth

Little People Wealth — Tue, 23 Jun 2009 22:56:03 +0000

Are they going to reinstate it later or is it gone for good?

By: Brainy Smurf

Brainy Smurf — Tue, 23 Jun 2009 16:24:47 +0000

@kacie Thanks for the actual numbers on the taxes — real examples are always a plus!

And I’ll definitely automate things. While I haven’t quite settled on what my plan of action will be, the automated transfers are a definite…

By: Kacie

Kacie — Tue, 23 Jun 2009 15:34:04 +0000

My husband’s company stopped their match a few months ago. It sucks! I’m hopeful that they’ll reinstate it soon. We didn’t change our contributions.

Whatever you do, I’d suggest you automate your next step. You don’t want this “extra” money in your budget to be absorbed by something frivolous.

Oh, and while this might not be the same for you, my son reduced my federal tax bill by $1,300 last year. $300 of that was from the stimulus package of ’08.

By: DD

DD — Tue, 23 Jun 2009 03:22:36 +0000

If there were no employer match I wouldn’t put much in a 401k, so I think your plan is a winner!

By: Money Links Monday

Money Links Monday — Tue, 23 Jun 2009 01:07:55 +0000

[...] Boo: No More 401k Employer Match [...]