Companies are resuming 401(k) matching contributions — but some are changing how the match works by:
- Making the match discretionary and linking them to profitability.
- Matching a worker’s higher contribution rate at 50% rather than a lower contribution rate at 100%.
- Capping the match at a certain level, such as $500.
Read more in this Wall Street Journal article:
Firms Begin to Reinstate Suspended 401(k) Matches – WSJ.comhttp://online.wsj.comMany U.S. companies that during the recession cut 401(k) matching contributions—one of the most valuable employee benefits—are beginning to restore them.