Current situation
Worker contributions to 401(k) plans are tax-advantaged; no tax credits are offered for employer matching contributions.
Retirement challenge
Employers have little incentive to match workers’ contributions to 401(k) plans, and many are, in fact, canceling or reducing company matches.
Bob Reynolds’ Retirement Reform Agenda
Extend tax credits to employers who voluntarily match worker contributions — since they are helping to meet a national challenge.
This is one of the proposed retirement savings reforms proposed by Bob Reynolds, President and CEO of Putnam Investments. For the full list, read the blogs in the Workplace Savings 3.0 category and see the document embedded below.
