Cumulus restores 401k match.
Briefing by Inside Radio
In the latest sign of radio’s continuing recovery, Cumulus Media today told its 7,000 employees that it will reinstate the company’s 401(k) match.
Like most public radio groups Cumulus pulled back on the contribution in early-2009 as a way to conserve cash during the darkest days of the Great Recession.
A Charles Schwab survey released three weeks ago found 73% of U.S. companies have restored their 401(k) match program to pre-recession levels.
In the latest sign of radio’s continuing recovery, Cumulus Media today told its 7,000 employees that it will reinstate the company’s 401(k) match.
Like most public radio groups Cumulus pulled back on the contribution in early-2009 as a way to conserve cash during the darkest days of the Great Recession.
A Charles Schwab survey released three weeks ago found 73% of U.S. companies have restored their 401(k) match program to pre-recession levels.
posted by Kirk Tanter at
9/11/2012 05:00:00 pm
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