IBM will shift 401(k) matches to year-end lump sum

12/7/2012 | Bloomberg Businessweek · Wall Street Journal, The

IBM says it will begin making its matching contribution to workers' 401(k) plans in a lump sum in December, instead of twice monthly. Workers who leave the company prior to Dec. 15 will not receive the employer match for that year. Financial planners say the change takes away the investment advantage of purchasing securities over time instead of all at once. IBM's cost-saving strategy could prompt other large employers to follow suit, experts say.

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Bloomberg Businessweek · Wall Street Journal, The

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