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Which 401(k) Plans Are Suspending Matching Contributions in 2020?
401(k) Specialist Link to more items from this source
June 3, 2020

"The Center for Retirement Research at Boston College has compiled a chart of all the companies known to have suspended their 401(k) matching contributions because of the COVID-19 pandemic.... According to [one] of 816 U.S. companies, 12% said they suspended matching contributions for retirement plans, with those operating in hard-hit industries like retail and business services more likely to report doing so. Another [survey] ... found more than 20% of large organizations indicated they are suspending matching contributions, while only 3.6% of small plans have moved to do so."

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