Long live the 401(k) match. Seventy-four percent of plan sponsors who had a 401(k) match in place are still honoring that promise, according to the
Only 8% have either decreased or are considering decreasing the match, while 3% have officially eliminated it altogether.
Ninety percent of employers have a 401(k) plan, and 66% of those with a plan say that participation rates are at 70% or higher.
These statistics reflect that employers are clearly committed to providing retirement savings opportunities to their workers, even in tough economic times, said Cara Welch, public policy director for
The bad news, however, is that 49% of employers say employees are taking loans from their retirement accounts.