Sherwin-Williams will bring back 401(k) matching contributions for employees.
Sherwin-Williams to Resume 401(k) Contributions CLEVELAND, Ohio — Sherwin-Williams has announced it will restart matching contributions to its 401(k) retirement plan beginning February 1, after having suspended these benefits last October. The paint and coatings company also plans to provide employees with a voluntary make-up contribution to compensate for the period of suspension that lasted […]
Reasons behind Sherwin-Williams reducing 401(k) contributions: The Wake Up for Friday, Sept. 5, 2025
The financial outlook is grim. In July, Ohio’s unemployment rate increased to 5%, up from 4.9% in June and a notable rise from 4.3% a year prior. Meanwhile, US GDP growth has dropped significantly. For the first time since April 2021, there are fewer job openings than unemployed people in July. Last month, President Trump […]
Sherwin-Williams halts 401(k) matching due to declining sales
Sherwin-Williams Temporarily Suspends 401(k) Contributions CLEVELAND, Ohio — Sherwin-Williams has decided to pause its regular contributions to the Employee 401(k) plan due to sluggish sales and economic challenges, including tariffs. In a communication obtained by Cleveland.com, CEO Heidi G. Petz explained that the decision stems from various issues. Notably, high mortgage fees have driven housing […]