IBM will save millions starting next year - and perhaps start a trend - as it shifts to...

|By:, SA News Editor
IBM will save millions starting next year - and perhaps start a trend - as it shifts to contributing to employee 401(k) accounts just once a year, Dec. 31. Those who leave the company before Dec. 15 will not qualify for a match. For employees - besides being induced not to leave the company mid-year - the move dilutes the dollar-cost-averaging power of contributions. Expect the government to have its say on the change.