This company is circling the drain. Cutting by 1% the match. Cutting costs everywhere. You just lost whatever raise your were getting. Actually worse with the health insurance rises.
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Probably a good place to sit around waiting to retire. For a young person looking for growth, appreciation and reward I may be best growing a garden.
This place su-ks! Looking elsewhere immediately
Morale was already low for me today, this solidified my decision to find another job asap. 1% may not sound like a lot, but when you factor compounded interest, it’s significant. Cheap a$$es.
Wow this job is looking more and more like I need to find an employer that values me and pays my correctly
@ad this is exactly the way I see it
@a6 We'll be getting 28.5% less for the total amount as an employer match.
Everyone, please remember this when faced with a "should I give any extra effort" or "should I speak up to take on any more work" scenario. Don't. I would also urge everyone who has any email or Teams apps on their personal phone to delete them right away, and do not give any more of your life/time than you should. In fact, I'd suggest you give a little less effort than today, given they are now paying you a little less than yesterday.
Company is circling the drain. This was it for me. No raises and now a 2%+ total comp decrease depending on contributions.
I am sure we will all see that increase in our raise or bonus. Also sure that our exec will get an equal 1% cut to their total comp (eye roll). Cheap F&%#S
This company is a disaster!
You know the ship is sinking. So why you staying around? Time
To find something else
Email didn't even offer a reason. Or an apology.
appreciate UHG that I can still live paycheck by paycheck, rather than homeless.
Go MN additional 0.44 % tax, and 1% pay cut via match reduction. This company is anti-American.
The 401k page on the enrollment site still has the old match info ($1 for each $1 you contribute from 1-3%, $0.50 for each $1 you contribute from 4-6%). Way to pull the rug.
Came here to say this. It’s bullsh-t. I also don’t recall seeing this change mentioned in the open enrollment information.
I just read the email as well. You give your staff a 2 week heads up of this kind of change. It’s ridiculous.
Bonuses gone, 401k match cut, health insurance rates up. They are just trying to get people to leave.
I just read the email and I’m livid