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401(k) matches resilient to recession

Over the past several years, as companies tightened their belts and slashed their budgets, many plan sponsors reduced or completely eliminated matching contributions to employee retirement accounts. But recent trends indicate that may be turning around.

By Heather Trese | Updated on March 31, 2011
Tracy Yen looks over 401(k) documents at her office in Los Gatos, CA. After an experience with a previous employer, Yen opted to not participate in the 401(k) plan at her next job. (AP Photo/Ben Margot)

Things are looking up for 401(k) matches.

Over the past several years, as companies tightened their belts and slashed their budgets, many plan sponsors reduced or completely eliminated matching contributions to employee retirement accounts. But according to the 2011 Retirement Plan Survey by Grant Thornton, Drinker Biddle, and Plan Sponsor Advisors, 29 percent of companies plan to fully reinstate matching contributions some time in 2011. And though that still leaves 42 percent who will not be changing their match strategy (with 29 percent undecided), it seems that employers may be turning a corner in their financial decision making.

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