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The transistion from defined pension plans to 401k, etc. plans; still favors the employer. I will suggest companies are more than happy to "cough up" a few extra matching dollars to forgo the costs of a long term pension plan. In the end, those able to have access to a 401k and related plans is the only real thankful portion of an employment benefit package, relative to retirement savings. Any match increases may be regarded as internal corporate marketing to employees for a more soft, warm and fuzzy feeling. There are exceptions to this condition by some employers who have an honest concern for the better welfare of the employees in general. The article author was complete with including the reasoning behind the increased matches for some, with full time employment.
Comments
In the end, those able to have access to a 401k and related plans is the only real thankful portion of an employment benefit package, relative to retirement savings. Any match increases may be regarded as internal corporate marketing to employees for a more soft, warm and fuzzy feeling. There are exceptions to this condition by some employers who have an honest concern for the better welfare of the employees in general.
The article author was complete with including the reasoning behind the increased matches for some, with full time employment.