Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Which 401(k) Plans Are Suspending Matching Contributions in 2020?
401(k) Specialist 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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