Companies cut back on 401(k) matches, employee borrowing jumps again
More bad news is surfacing on the 401(k) front, with benefits consultant Watson Wyatt reporting that a growing number of employers are cutting back on their matching contributions to 401(k) accounts. A Watson Wyatt survey finds that five percent of companies already have reduced their contributions this year, and another 7 percent expect to make [...] [read full article…]
