Two puzzle pieces If you suspended your matching contributions during the pandemic, don’t be shy about using the reinstatement of the match to entice employees and participants who have suspended their contributions.

It’s still early in the year. It’s time to get rid of old habits and face 2021 with new resolve. That includes trying to get employee retirement savings back on track. The good news is that, yes, it is possible, and there are many ways employers can help.

Among all age groups, 34% have dipped into their retirement savings due to the economic impact of COVID-19. Plan participants may have suspended their CARES Act loan repayments, stopped contributing to their defined contribution plan, or taken a substantial loan or withdrawal to relieve personal financial stress. In January, those loan repayments kicked in again, taking a bite out of their take-home pay.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.