HR Preparing email to all employees: 'You Spoke and We Listened!' 'Thank you to the 98% of employees that took our benefits survey. We heard you loud and clear on the benefits you prefer and those you want changed. As a result beginning January 1 all of our offices will offer more free cold and hot water that you can use to make your own beverages. In addition we are going to allow all employees to return to the office at minimum 5 days per week for collaboration with colleagues. We also understand that your want more flexibility and control of your retirement investments. As a result we will remove the 401K match and allow you to more fully control how much you want to contribute to your retirement account. Watch Fuel for even more exciting changes to come in 2023'
15 replies (most recent on top)
They did this during the pandemic, what would stop them now?
If not being discussed, then why is it part of the survey? If everyone votes it as most important, will the contribution be increased? Somehow I doubt it..
I’m so dead at $675 is max match. Clearly doing less with less here.
I hope you don’t work in our finance department. The percentage contributed is of your salary, NOT the 401k max.
401k limit is $22,500, so the max amount of 3% match would be $675.
Another fake news post. Absolutely no discussion on this point. Please stop sharing misinformation
How sad is this. They have cut so many employees pushing others to the limit. They have been stating "do more with less" for over 5 years now. They made 1.3 billion net profit last year, and are beating that this year. Cutting employee benefits now for no good reason, why can't they pull from someplace else? Jennifer should be ashamed of herself, stand up for employees. Until employees start to quit to show the upper leaders some pain this will continue.
Pity that your employer sux and you have to decide on what to cut if not both.
Cut your employer and find a capable one.
$600 HSA vs 3% of $100,000 which is $3000. I’ll take the HSA cut.
Funny my manager brought this up yesterday and said the same. Considering both the HSA and 401K match are currently at industry minimum or below I can't see how they would cut either.
That entire survey reeked of "which ones of these are we going to cut".
Thought it was interesting that commuting & flexible work arrangements were there. That must have been the company they hired to do the survey wanted to put in there
So the survey was to determine if it is 401K or the HSA.
Anyone is actually using Fiserv health plan? You would not get to use their HSA, at all. The plan's super expensive and covers next to nothing with super high deductible.