Companies that are weathering the economic storm are headed into the upswing with a bigger focus on restoring and maintaining 401(k) plans.

According to a recent survey from the Profit Sharing/401k Council of America, of the 14.8 percent of companies that suspended matching contributions in the last three years in the last three years, 39.3 percent have restored them and 37.8 percent are planning to restore them within the next six months.

More than 70 percent of companies made no changes to matching contributions and nearly 10 percent increased them.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.