How has the pandemic affected employer 401(k) contributions?
If only 10 percent of the roughly 600,000 employers that currently offer workplace retirement plans suspended or reduced their contributions, the long-term impact would be huge.
By Alan Goforth|December 16, 2020 at 08:35 AM
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More than nine in 10 companies will make their retirement plan contributions this year despite the economic turbulence created by the pandemic, according to the latest survey from the Plan Sponsor Council of America.
“As things stand today, most responding companies still seem optimistic that the financial impact of the COVID-19 pandemic will be short-lived, though it bears noting that the economic impact varies widely by industry and by region,” the survey report said.
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