All articles tagged with #401k matching
As AI spending and rising health costs bite into budgets, major firms like Deloitte and Zoom are cutting back on benefits (fertility support, 401(k) matches) and other perks. Industry analysts say cost pressures and scrutiny are forcing a shift from pandemic-era perk culture to leaner compensation and benefits, even as the demand for skilled workers keeps talent in focus.
The Secure 2.0 Act allows employers to match workers' student loan payments with contributions to their retirement accounts, and companies like Abbott, Verizon, and Chipotle are already offering this benefit. Abbott's Freedom 2 Save program, which predates Secure 2.0, allows employees putting 2% or more of their salary toward student loans to receive a 5% retirement contribution. Verizon's Secure Your Future program offers up to a 6% retirement contribution match for employees paying their student loans, and Chipotle matches up to 4% of an employee's salary through 401(k) contributions for eligible student loan payments.