HR e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

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.