What would your suggestion be in regards to percentage

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Reference no: EM13137078

With the ever increasing pressure to keep costs down, companies have had to reduce the cost of benefits. Defined-benefit pension’s plans have become too costly due to unpredictable fluctuations in the investment markets. That’s why they are scarce these days and companies have shifted to 401(k) style plans. The company’s cost is more controllable and the company does not have to absorb any adverse stock market effects. Essentially, once they contribute to the 401(k), their obligations end. As CFO, what would your suggestion be in regards to the percentage the company contributes to the 401(k) plan?

Reference no: EM13137078

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