Participants in Charles Schwab Self Directed Brokerage Accounts (SDBA) fled to safety during the economic downturn, according to Schwab data for the fourth quarter of 2008.
Dallas-based television station owner Belo Corp. has suspended the company’s 401(k) match, trimmed some salaries, and cut its workforce because of the slumping economy.
The trend that has seen some employers hard-hit by the recession opt to suspend their 401(k) match has reached the lobbying organization dedicated to helping Americans in retirement.
San Mateo, California-based trucking company Con-way announced Monday it is suspending its 401(k) match and taking a number of other cost-cutting steps.
As the Dow Jones Industrial Average slid 11% in February, 401(k) participants made another large movement toward fixed-income investments, according to the Hewitt 401(k) Index.
Office furniture maker Herman Miller, Inc. is reducing hours and pay for most of its U.S. salaried employees by 10% - and is suspending its matching contribution to...
Diversified industrial manufacturer Actuant Corp suspended its core contribution to the company's 401(k) plan and to its restoration plan for the majority of its U.S. employees.
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