Seventy-five percent of U.S. companies that suspended their 401(k) matching contributions between January 2008 and January 2010 have restored the retirement savings perk in the past year, according to an analysis by professional services firm Towers Watson.
The study, which reviewed the matching participation rate of 260 companies, found that 74% of those that reinstated their programs returned their matching contribution to the level they maintained before pulling the plug while 23% are now matching at a lower rate.
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