Comeback for 401(k) matches?
Posted on 01 December 2009
Permanent URL of this article: http://retirementrevised.com/money/comeback-for-401k-matches
Mark Miller
Some companies that reduced or eliminated their matching 401(k) contributions in the recession are saying they intend to restore the benefit, according to Fidelity Investments. Out of the eight percent of companies that reduced or suspended their matches of employee contributions earlier this year, 27% have either reinstated their match already or plan to in 2010, a Fidelity survey shows. Via CNNMoney.com.
December 2nd, 2009 at 9:12 pm
This is interesting because the recession, as most Americans know it, is unfortunately having lingering effects. Most people would benefit from having a 401(k) plan because having a personal savings is a difficult thing to do in these economic times.
Improving the state of finances is often something that people strive to achieve, and having the 401(k) plans reinstated would help for people to achieve a more relaxed financial future.
Financial calculators, which can be found on http://www.GeriCareFinder.com, are essential when planning for retirement. Easy-to-use financial calculators help a person to work through finances needed for retirement and other financial obligations.