401 (k) Matches Cut in Bad Times are Slow to be Restored

Times must be tough when a preeminent 401(k) plan service provider suspends its own 401(k) match. Despite better times, the company has not restored its employees? match, and seems in no hurry to do so. Reinstating a 401(k) match remains one of top priorities, but it is not a decision one can make based on one quarter?s results. However, while some companies are seeing the return of good times, others are looking to cut their matches even more. Even if a company is considering cutting or suspending its match, it likely has put such a decision on hold for now.

Provided by: Crain Communications Topic: Software Date Added: Oct 2003 Format: HTML

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