Saturday, March 21, 2009

Most Employers Continue Matching Contributions to 401k Plans

  • In an open-ended format, approximately three-fifths of respondents stated that the
    financial crisis had not caused any changes to their companies' 401(k) plans.
  • More than 90 percent of participating organizations offer a 401k plan to employees.
  • Despite the widely reported drop in account balances, two-thirds (66 percent) of organizations indicated that at least 70 percent of their eligible employees participated in a 401(k) plan in 2008.

These are key findings in a study, Trends in 401k Plans,  released by the American Benefits Council. The study contains a significant amount of additional information on the current state of 401k plans.

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