Finance
Citi Reduces Its 401(k) Contributions for Highest Earners
- Bank to cap annual payments at $12,000 starting next year
- Move applies only to employees earning at least $200,000
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Citigroup Inc. is shrinking how much it pays into the retirement funds of its highest-earning employees in the US.
The New York-based bank, which provides an annual match to employees’ 401(k) contributions, will limit its match to $12,000 for those earning at least $200,000 in total compensation starting with its yearly payment in March 2026, according to people familiar with the matter.