Tuesday, June 14, 2011

Retirement plans after the recession

Kelly Greene of the Wall Street Journal is reporting in today's paper that companies that cut matching contributions to their 401(k) plans during the recession are beginning to restore them.  However, many companies are including some changes as they restore contributions.  The article states that:

But a number of firms are contributing less than before, are linking contributions to profits or are making workers save more on their own before kicking in, say benefits consultants.

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