IBM offers employees new retirement account that looks a lot like a pension

On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account." In other words, the company has backed off a portion of its defined-contribution plan and added something more like an…#ibm #dylantyson #yahoofinance #treasury #bigblue #db #secure20act #vanguard #howamericasaves #danielzhao

Source: Reuters: Health - January 28, 2024 Category: Consumer Health News Source Type: news