Friday, January 30, 2009

Yes - Voluntary Company Match

My company has never had a defined benefit plan; however, we have a very generous 401k plan. In addition to the standard company match, they have a discretionary company match they "CAN" make each February. Because we are a financial services company and feeling pain like everyone else in our industry, we were concerned they might decide not make this year's discretionary match.

Thankfully, we learned today that we will be getting the match after all. While the last year has been brutal to my 401k balance, the company match has made my losses on 'my money' more tolerable.

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