"As was previously announced, effective July 1 (paycheck of July 11, 2014) the 401(k) match is being reduced to 25% of the first 8% contributed. As a result of ongoing cost reductions here at the company, effective with the August 8th paycheck, the 401(k) discretionary employer match is being suspended. IF we are able to reinstate this match in the future, we will be sure to communicate this to all eligible employees."
7 replies (most recent on top)
401k was stopped a month ago at the Heald schools.
That is the reason why I elected to stop putting in money 2 months ago, So no benefits? No guarantee you would be compensated for your work, What is next we go part time and our medical benefits get cut??? Has anyone told the new hires that ???
Wade is too busy monitoring people who come in wearing flip-flops. Gotta love his title - SVP & CHIEF Human Resources Officer. Another self-glorifying pumped up title. Guess he can now he can add on Chief Benefit Cutter.
Now they can layoff all of HR because they have no benefits to manage.
thanks for NOTHING, CCI!!!!!
I'm sure a bonus too!
But we'll still be getting a performance increase this year though, right? After all, we didn't get one last year. It's still coming right? Right?