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Defined Contribution

Dell hikes 401(k) match to 6%, with annual max of $7,500

Dell Inc., Round Rock, Texas, has increased the company match in its 401(k) plan to 6% of an employee's salary up to an annual maximum of $7,500, said an announcement on the plan's website.

Prior to Jan. 1, the computer company matched up to 5% of an employee's salary.

As of Dec. 31, 2016, Dell's 401(k) plan had $4.9 billion in assets, according to its most recent Form 5500. The plan's record keeper is Fidelity Investments.

A spokesman could not immediately be reached for additional information.