Could your employer take away your 401(k) match? Sherwin-Williams just did it.
Core Insights - When businesses experience financial difficulties, retirement benefits are frequently among the first expenses to be reduced, according to experts [1] Group 1 - Companies often prioritize cutting retirement benefits during financial downturns as a cost-saving measure [1] - Experts highlight that this trend can have long-term implications for employee morale and retention [1] - The reduction of retirement benefits may lead to increased financial insecurity for employees, impacting their future planning [1]