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.
The Lincoln Financial executive corrected the record Monday, during an interview at the ILTCI Conference.
ILTCI conference speakers also talked about brains. And offices with windows.
The administration had previously focused on killing major medical insurance provisions.
Sponsored by Lincoln Financial Group
Make sure all your clients are equipped to understand and follow your advice!
Sponsored by Smarsh
Using social media effectively, while remaining compliant with key regulations, can be tricky. But it’s a necessary step you must take to build your business.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.