Major companies in recent years have been squeezing their workers' retirement savings, according to an article today in Bloomberg.


Companies such as Whole Foods Market Inc., Facebook Inc., Oracle Corp. and JPMorgan Chase & Co. have engaged in practices such as scaling back on the amount they will match on 401(k) funds or delaying their contribution. Others are putting limits on how much they will pay out.


A difference of three percentage points on a match, the article says, can add up to hundreds of thousands of dollars lost for employees over the course of their careers.


Some companies contend that they consider a wide range of benefits and their costs as well as employee preferences, including health care, vacation policies and performance incentives.


But Americans, by and large, may not be prepared for retirement, according to this December article in Investment News. The article cites a study from Fidelity Investments that shows only a third of Americans are on target to cover at least 95 percent of their retirement savings goals.