401K Financial Planning

StevenPar asked:

So your company matches a percentage of your contribution to your 401k.
I have heard the speech from my employer’s 401k representative of how a 401k will benefit “you the employee” but when I asked how does a 401k benefit the employer the answer was “Your employer sets up a 401k to show it’s appreciation for it’s hardworking employee’s and that’s also why they match part of your contribution”
I then asked ” The company that handles all the investment made to the 401k, how much money do they make?
What do they charge and who pays that fee? I never got an answer to my question, just the initial speech again. So how does a 401k bebefit a employer. I would think they would have to get some types of deductions that would make it profitable for them. After all, nothing is truely free.
That sounds like the answer my boss would give. I want to know the $$ value.The dedeuctions. Example, no company is going to pay you more money then you earn them. If they did they would go out of business. So if they match your 401k they have to make it up somehow. I want to know how.
Thank you


Question posted courtesy of: Jamie

Champ asked:

I work two jobs, at my full-time job I contribute to my 401k plan but there is no matching contributions. At my part-time job I also contribute to the 401k plan along with receiving matching contributions along with a 10% discount in the stock purchase plan. Should I stop contributing to my 401k at my full-time job and start putting that money into the stock plan at my part-time job?


Question posted courtesy of: Jo