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Saturday April 19th 2014

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Most 401(k) Plans Survived the Recession Intact

401kResearch discovered that 88 percent of companies maintained matching 401(k) contributions over the past five years. Among the 12 percent of companies that either suspended or eliminated their retirement contribution programs, 5 percent have since at least partially restored their contributions. The survey results show that employers and employees are utilizing 401(k) plans and value these plans as an integral piece of retirement planning. Nearly three-quarters of companies have at least 70 percent of their eligible employees participating in their organization’s 401(k) plan. For 77 percent of the businesses surveyed, employees contributed 5 percent of their salary on average to the retirement programs according to a recent story that ran in www.businessnewsdaily.com.