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Money in a life preserver A majority of companies are making it easier for employees to tap into their retirement savings as allowed under the CARES Act, Willis Towers Watson found. (Image: Shutterstock)

While many employers are making it easier for 401(k) participants to access emergency funds during the COVID-19 pandemic, courtesy of the Coronavirus Aid, Relief and Economic Security (CARES) Act, some have also eliminated their 401(k) matching contributions or expect to do so sometime this year.

Those are just some of the major findings from a COVID-19 benefits survey released by Willis Towers Watson, a global advisory, risk management and insurance brokerage firm. A total 816 companies, employing 12 million workers, participated in the survey.

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