Participants contributed an average of 7.8% of pay (up from 7.4% in 2022), and employers contributed 4.9% of pay (up from 4.7%) for a combined savings rate of 12.7%, according to PSCA’s annual survey of 401(k) plans.
I’m thrilled to highlight two individuals who have made the most of 2024 and are entering the new year with purpose and momentum: Meaghan Cush of Combs & Company and Cristin Dickerson, MD of Green Imaging.
Company-sponsored benefits and perks should make life better for employees as a whole — promoting not just physical health but also mental health and stress relief.
On Wednesday, the justices were divided on the class action lawsuit on behalf of 28,000 Cornell University employees accusing the school's retirement plans of paying excessive recordkeeping fees.