It’s been a tough few years for retirement plans, but there’s hope on the horizon: a new study from Towers Watson shows that, among companies that had canceled 401(k) matching programs during the recession, three-fourths have reinstated them. In 2009, the consulting firm found that 13 percent of companies had cut or reduced their benefits matching programs. The recent study shows that, among the 231 companies that had stopped matching retirement funds, 205 had again implemented matching programs. The sample came from a wide variety of industries, including manufacturing, technology, health care, and automotive.
Don’t forget you can visit MyAlerts to manage your alerts at any time.