Future Roast

Starbucks Corp. told employees the company will no longer guarantee that it will make a company match to their 401(k) accounts next year.

In a letter to employees sent last week, the coffee giant said it will switch to a “fully discretionary match” from a “fixed employer match” starting Jan. 1 for employees “future roast” retirement savings plans. That means the company can decide whether or not to make matching contributions to participants in the retirement plan

source: Wall Street Journal Business online

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