KPMG introduces automatic 401(k) contributions for employees

To attract and retain talent, KPMG US is replacing its 401(k) match with an automatic firm contribution of up to 8% of W-2 pay – with no requirement that employees contribute to the plan, reports 401K Specialist. KPMG US also announced a 10% reduction in employee health care premiums in 2022, with no change in benefit levels.