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Et tu, AARP? Good guys cut 401(k)s, too
New York Times, July 13, 2009
The AARP has decided to suspend its 401(k) match for at least nine months. According to a recent study by the Grant Thornton compensation and benefits consulting practice, 29% of employers have altered or intend to alter their 401(k) match this year. Two-thirds of those will eliminate it (often temporarily), 22% will reduce it, and 11% will bump it up.
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