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News To Know: McSavings

Posted By Dave Goldstein On January 5, 2009 @ 9:52 am In Money Talk | No Comments

While many companies are cutting benefits [1] for their employees, you might be surprised to see which company is offering a great savings plan for its workers: McDonalds [2]. The megalithic franchise decided to offer an auto-401 (k) with a huge match as a way to retain talent within the organization. Just how good is this program? Well employees who contribute 5% of their salaries to retirement savings can find matches from their employer as high as 11%. That’ll buy a lot of Big Macs.
big mac.jpg


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URLs in this post:

[1] cutting benefits: http://www.nytimes.com/2009/01/03/business/03bizbriefs-SEARSTOSUSPE_BRF.html?scp=2&sq=%2bpensions&st=nyt

[2] McDonalds: http://www.businessweek.com/magazine/content/09_02/b4115038758645_page_2.htm

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