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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  for their employees, you might be surprised to see which company is offering a great savings plan for its workers: McDonalds . 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.
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URL to article: http://blog.aarp.org/2009/01/05/news_to_know_mcsavings/
URLs in this post:
 cutting benefits: http://www.nytimes.com/2009/01/03/business/03bizbriefs-SEARSTOSUSPE_BRF.html?scp=2&sq=%2bpensions&st=nyt
 McDonalds: http://www.businessweek.com/magazine/content/09_02/b4115038758645_page_2.htm
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