Do you demand a 401(k)?

August 11, 2008
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Corporations are boosting 401(k) plans even as they abandon traditional pension plans.

Workers are getting automatic enrollment, more investment options and greater contributions from employers.

Employees want 401(k)s, and theyâ??re good for business, companies say. In fact, companies without 401(k)s have difficulty competing for workers.

Would you work for a company that didnâ??t offer a 401(k)? If you have one, are you happy with it?
  • It would take something extraordinary for me to even consider a company that didn't offer a 401k. In fact, I don't know that I would consider one that had a 401k but didn't have any kind of matching of my contributions. My feeling is that if the company isn't committed to my long-term interests like retirement, they only view my as a short-term resource that can be eliminated at the first sign of hard times.
  • No way. I'll take it a step further -- I am considering leaving my current job if they do not implement Roth 401(k) for the tremendous tax savings to me in the long run. I'm in my mid-20s and three years out of school.

    My current 401(k) is probably great compared to the 401(k)'s of the year 1999. I get automatic enrollment, a fairly broad choice of funds to pick from, and matching.

    At the end of the day however, I would be willing to take $5,000 less of salary and go to a company that offered me a Roth 401(k) for tax savings, offered me more international funds to pick from, and more matching. Those choices would pay for themselves x 10.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now