Companies Plan to Reinstate 401(k) Matches


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Published in The Wall Street Journal October 22, 2009 by Jillian Mincer

Many businesses are quietly restoring plans to match a portion of their employees’ 401(k) contributions.
About half of the companies that suspended matches will be restoring them in 2010, says Byron Beebe, U.S. retirement market leader at Hewitt Associates.
The majority of employers never expected to make the suspension permanent, says Mr. Beebe. Already, some big companies, including American Express Co. and Motorola Inc., have announced that they would reinstate suspended matches in 2010.

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