401(k) Matches Restored By 75 Percent Of Companies

AP
companies matching 401k
companies matching 401k

By David Pitt


DES MOINES, Iowa (AP) -- Most of the companies that either suspended or reduced their 401(k) matches during the economic downturn have reinstated them, business consultant Towers Watson said in a study released Wednesday.

An analysis of 260 mid- to large-sized companies shows that 75 percent of those that took the step to cut costs have restored their match. Among those, about 74 percent are continuing the match at the previous level.