While 46% of plan sponsors have or are planning to decrease 401(k) matches for rank-and-file employees, budgets are increasing for 401(a) profit-sharing plans, usually offered to higher-paid workers, Diversified Investment Advisors found in a survey of 279 employers with 1,000 or more employees.

“The events of the last year have forced many corporate employers to scale back on their 401(k) contributions or cut them entirely, but this does not tell the whole story,” said Diversified Vice President Laura White. “For example, 46% of 401(k) plan sponsors also offer a 401(a) plan, 87% have a traditional pension plan, and 51% offer a cash balance plan.”

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