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Employer stopped matching 401k (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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So, times are tough in the tech world and my company decided that in addition to no bonuses/ stocks for the foreseeable future, they also want to stop matching our 401k contributions.

They say this is temporary, but it's already been 6 months. I'm in my early 30s, so I still have quite some time before retiring. These small differences now will compound in the long run, and I'm starting to think I should look for a new job.

Does my view of these small missed contributions actually being a big deal make sense, or is it something I should wait out?

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[–] [email protected] 1 points 1 year ago

Thank you for the suggestion. Yeah, I'm a systems engineer in the storage space. Things were booming the last few years, but now we're in a slump. I know the market is cyclical, but I've never worked somewhere where they decided touching the 401k's was a viable option. I'll look at some other sectors :)