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New Survey: Three Out of Five Employers Maintain 401(k) Match Despite Economic Crisis

News release: “Seven in ten eligible employees participated in 401(k) plans in 2008: A new survey of employers released by WorldatWork and the American Benefits Council, Trends in 401(k) Plans, presented today at a National Press Club Newsmakers press conference in Washington, DC, finds that the financial crisis has not significantly discouraged 401(k) contributions or participation. A full 74 percent of employers reported no change in the employer matching contribution; 15 percent have either increased or are considering increasing the employer match; eight percent have either decreased or are considering decreasing the 401(k) match, and three percent reported.”

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