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Most companies to restore 401(k) match

Employers agree it's time to get back on the track to retirement. Eighty percent say in a new survey they are planning to restore their company's 401(k) match this year.

By Jenny Ivy | Updated on February 08, 2010

Employers agree it’s time to get back on the track to retirement. Eighty percent say in a new survey they are planning to restore their company’s 401(k) match this year.

“In the last 18 months, employees’ 401(k) accounts took a serious financial hit due to the severe market downturn. Some of them also lost the additional retirement savings that their 401(k) employer match provided,” explains Pamela Hess, director of retirement research for Hewitt Associates, which conducted the survey of 162 mid- to large-sized U.S. companies representing 5.7 million employees.

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