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401(k)s Get the Boost
![401(k)s Get the Boost](/uploads/Image/news/Finances/retirement_piggy%20bank%20and%20blocks%20spelling%20help%20retire.jpg)
Since retirement is becoming the responsibility of the employee these days, it makes perfect sense to check out any of the retirement benefits offered by your company – especially if you’re looking to change jobs. Many employers may not be able to meet all of your salary needs with the unsteady economy, but if they have a solid retirement plan, it may be worth the look.
For instance, many companies have decided to up the amount they match within their plans. Some are going from 3% to as high as 10%, depending on the sector you work in. Other changes include automatic enrollment and more investment options to choose from, as well as a better offering of investment advice. The advice is key within these changes because studies show that it helps with retention and loyalty.
According to experts, if a company doesn’t have a very competitive 401(k) plan in place, it will be at a disadvantage to compete for talent. How important is a company’s 401(k) to you? Have you passed up an opportunity because the retirement benefits just weren't enough? [USA Today]