In other economic news, several major corporations are trimming their contributions to their workers’ 401(k) retirement plans. Last week, FedEx announced it would suspend all of its contributions to workers’ 401(k) plans for at least a year. Eastman Kodak, Motorola, General Motors and Resorts International are among other companies that have cut matching contributions to their plans since September.
FedEx Suspends All Contributions to Workers’ 401(K) Plans
HeadlineDec 22, 2008