Companies Are Pitching in More for Retirement
401(k) matches are at an all-time high
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American employers are doing more to help their workers save for retirement.
When companies set up 401(k) plans, they often pitch in some money to encourage their employees to save. As this data visualization shows, how much employers match employee contributions can vary quite a bit. Large companies typically match the first 3 percent to 5 percent of salary that an employee contributes to a 401(k). While many small companies pitch in nothing at all, other companies are far more generous: ConocoPhillips puts in 9 percent for the first 1 percent that its workers contribute.