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Amtrak among companies cutting retirement contributions in the COVID-19 cash crunch

(Source: www.marketplace.org, April 1, 2020)

WASHINGTON, D.C. — Some standard advice in this topsy turvy market: Don’t check your 401(k). Suffice it to say the crisis, and the stock market volatility it’s caused, have damaged the retirement accounts of many Americans — at least in the short term. But now, some companies hit hard by the economic slowdown will stop matching contributions to 401(k) plans. Marriott has delayed its contributions until September and Amtrak has suspended them indefinitely.

Full story: www.marketplace.org

Thursday, April 2, 2020

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