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Post Info TOPIC: Kroger 401k match in new contracts?
Anonymous

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Kroger 401k match in new contracts?
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Any word on if Kroger will add some type of match after they acquire Albertsons? 

Albertsons Companies may make an annual discretionary matching contribution to your Plan account. You may receive a percentage of each dollar you contribute up to 7% of eligible pay.Feb 24, 2023



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Guru

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It would be nice but I doubt it.

The goal of the acquisition is to lower expenses and make profit.

This is pure speculation:

I think that Kroger will need to honor the contributions agreement for the Albertsons people that were making them before the acquisition.  If they never made payments, then they won't be eligible to sign up after the acquisition.  Kroger has special paragraphs in the contracts for employees that were acquired from other stores that kroger bought out.  



-- Edited by Anonymouse1 on Tuesday 4th of April 2023 04:56:48 AM

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Anonymous

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Thank you.  Good info.  



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