So company I work for got bought out by company X. Company X wanted to get rid of our union pension and to do so offered a 3% base 401k contribution in addition to that they’d add 3% on top of that so long as we put in 6% + into our 401k. So long story short I’ve always thought something was up with my 401k it just wasn’t building up as fast I expected, so I finally did the math and confirmed it with the 401k company that they in fact were only matching 3%.
401k provider said there was a note that stated it was at the employers discretion, now does that mean I just lost out on months worth of money and my employer can just pull that card and say it was at their discretion?
Submitted April 28, 2021 at 02:00AM by Tinyrobotzlazerbeamz https://ift.tt/3nscZL4
