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nieceandtows

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Employer stopped matching 401k (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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So, times are tough in the tech world and my company decided that in addition to no bonuses/ stocks for the foreseeable future, they also want to stop matching our 401k contributions.

They say this is temporary, but it's already been 6 months. I'm in my early 30s, so I still have quite some time before retiring. These small differences now will compound in the long run, and I'm starting to think I should look for a new job.

Does my view of these small missed contributions actually being a big deal make sense, or is it something I should wait out?

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[–] [email protected] 1 points 1 year ago

Did they give you a pay raise? If not, I would look for another job. Things aren't so tough in the tech world that opportunities don't exist, so shop around. You don't lose anything by shopping around, and you could get a much better deal.