When will our companies re-start contributing to our 401k? Seems like they should have months ago. The stocks market is doing well...

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Not a question of how the market is doing, it's a question of agency revenues in the midst of a pandemic. Many brands have cut spend which means lower revenue for agencies.

Publicis, for instance, suspended the 401k match in order to keep employees. I miss my 401k match too, but I'd rather have a job and paycheck.

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Stock market != economy

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I mean, remember the 2008 recession, when we were all like “when will salary ranges get back to normal?” When large companies make cost-savings changes, they have a tendency to keep them that way, even after the initial rationale has passed. Especially ad agency holding companies, who can’t seem to figure out how to make money in 2020, except through cost-cutting and consolidation.

I guess the less cynical case would be: most large companies are hoarding their cash right now, and will probably continue to hoard it until a quarter or two after the election. Or until we start to see results from a COVID vaccine.

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That last part isn’t less cynical. It’s optimistic. In reality they’re going to hoard and burnout employees for as long as they can. And now that it’s a buyers market b/c everyone is out of work (and probably continue to be b/c of the hoarding), they can replace those employees cheaply if they leave.

They’ve been slowly doing this for the last 5 years as is. 😞

WPP has said it'll resume beginning of next year

I took this opportunity to take a third of my 401k out of blended and put it into a brokerage account. Not an answer to your question but there are things you can do to take a little control of your goals. Wouldn’t have done it without the catalyst.

I didn’t know they had a put a hold on matches. Is this a fact? Bc they usually match in March of the following year.

Best fake news I’ve heard all year.

It's not all about the stock market. Stocks will go up when a company lays off a huge bunch of people. "Oooh! More money for me!"

We just had more layoffs and salary cuts yesterday. Things are not back to normal for our industry (far from it).

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