Most firms restore 401(k) matching contributions

(By David Pitt, Associated Press) During the economic downturn, employees felt the impact of cutbacks in hiring, raises – and in the disappearance of company contributions to their 401(k) plans. The first wave of reductions in 401(k) retirement savings plans began in 2008. The number of employers lowering or suspending their contributions accelerated in the first half of 2009 as the stock market fell to its lowest point after the financial meltdown.

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Most firms restore 401(k) matching contributions

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Posted by Charlotte Observer on Nov 3 2011. Filed under Business, News, Uncategorized. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.