My firm recently changed the company portion of 401k match to yearly,we are frustrated and losing out on the benefits of dollar cost averaging..do y’all know other firms that do this ? With IBM moving away from the 401k match,I am worried many firms may follow suit and eventually this would go down a similar route like pension and this benefit slowly waning away,thoughts?

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Sounds like turnover is a problem and they decided it was a way to get people to stick around.

Spoiler alert: it usually just causes friction.

Is the match 100% vested once they make the contribution to the accounts? What we did with our plan was set a cliff vesting schedule. If someone leaves before they have two years of service, the match dollars stay with the company. Once they have two years of service time, the match dollars belong to them.

Spoiler alert: vesting schedules don’t work either.

Conclusion: messing with people’s money does not garner trust and respect for and employer, but rather it plants sends of distrust and expedites their departure.

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Yup

EY was per paycheck, then went to match at year end (but had to be employed, retired or deceased that year), then went back to per paycheck.

I havnt heard of that before. I know of companies doing the normal 401k per paycheck and then having an ADDITIONAL annual “bonus” to the 401k based on company profit…but never only matching yearly

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