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matchsticks at various levels of burned (Photo: Shutterstock)

Few retirement savings incentives are considered to be as successful as the employer match. More than half of employers match a percentage of employee contributions, according to the Plan Sponsor Council of America.

However, it may be time to revisit this approach. One in five employees is considering suspending or cutting their contribution because of the pandemic-fueled recession. At the same time, 25 percent of employers are thinking about suspending or reducing their match.

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