Employers are clearly more optimistic about the economy, for another 40% that had suspended 401(k) contributions will resume them by mid 2011, doubling the 40% that already have resumed suspended or reduced matches, the Profit Sharing/401(k) Council of America announced Friday.
Overall, however, the vast majority of 401(k) plans did not suspend or reduce their matches, the council found. More than 70% made no change to matching contributions, and nearly 10% actually increased them in the past three years.
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