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Stock impact report

More cuts to 401(k) matches are coming [MSN Money]

Marriott Vacations Worldwide Corporation (VAC) 
Last marriott vacations worldwide corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: MSN Money
To conserve cash, some employers are suspding contributions to their workers’ 0(k) accounts. And if this downturn plays out like previous recsions, more will follow.© Getty ImagThe handful of employers announcing suspsions in rect weeks include travel compani and retailers hit first and hardt by shrinking consumer demand, including Amtrak, Marriott Vacations Worldwide, the travel company Sabre, Macy’s, Bassett Furniture Industri, Haverty Furniture and La-Z-Boy.Load ErrorTet Healthcare and a physician practice in Boston on the front lin of providing expsive coronavirus care have also suspded their match. Employe, not surprisingly, are unhappy with the mov. An emergcy room doctor toldthe Boston GlobeRead: Congrs has doubled the amount you can borrow from your 0(k) — but there’s a hidd dangerEmployers are required to give their workers a 0-day notice and cannot stop the match prior to the 0-day period.Suspding matching contributions has become somewhat of a recsion tradition. In the mont Show less Read more
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