Microsoft Boosts Contribution To 401K Plans To Help Valuable Employees Save
Despite this, many workers still aren’t saving enough, and Microsoft has tried to address this in various ways. Three years ago, it raised the employee contribution options from 6, 8 and 10 percent to 8, 10 and 12 percent. Unfortunately, that didn’t seem to have a large impact. Instead, in 2016, the company began matching half of employees contributions. Of course, this is subject to government limits – namely, the amount added to an individual employees plan....