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GM Won't Be Alone in Freezing Its 401(k) Match, Experts Predict
Workforce Management 
Oct. 28, 2008
Excerpt: 'A number of companies did this during the bear market in 2001,' said Ted Benna, who is known as the founder of the first 401(k) plan and is COO of Malvern Benefits Corp., a 401(k) plan administrator. 'We are in a very nasty situation that isn't going to get better for some time and a lot of employers are going to be anxiously looking at how to reduce costs.'
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