News To Know: McSavings
By Dave Goldstein, January 5, 2009 09:52 AM
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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