In their quest to retain midlevels, are firms neglecting a perk that has become routine in corporate America—the 401(k) match? In comments from our Midlevel Asssociates Survey, respondents bemoaned the lack of retirement benefits offered by their employers, calling on them to kick in to associate 401(k) plans.
The complaints come as firms begin to recover from the downturn, giving associates the luxury of worrying about the details of their benefit plans. "Given the profitability of the firm, I feel strongly that the firm should offer 401(k) matching contributions," wrote one Drinker Biddle & Reath associate (Drinker Biddle declined to comment). Midlevels at Davis Wright Tremaine; Fish & Richardson; Hughes Hubbard & Reed; K&L Gates; Littler Mendelson; Morgan, Lewis & Bockius; Morrison & Foerster; Wilmer Cutler Pickering Hale and Dorr; and eight other firms all expressed simliar sentiments.
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