Category: B. of America

Will Bank of America End 401(k) Matching?

There has been a consistent economic trend which shows that when a recession hits corporations will decrease or suspend benefits. We witnessed this in the 2001 recession when General Motors, Charles Schwab, Goodyear Tire & Rubber, & Ford all decreased or suspended their company match programs. The same happened in 2008, with Forbes reporting that

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Bank of America? What Corporations Will do to Save Their Dividends

Bank of America made the decision to freeze its pension plan back in 2011 in order to cut costs. This begs the question, what will they do in 2020 to protect their dividend? Fortune 500 companies have been scrambling to protect their dividends and keep their shareholders happy. The results have been generally negative for

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