“Those 401(k) programs that became 201(k) plans during the financial meltdown in 2008 are back in vogue, with employer participation returning to pre-crisis levels.
Some 73 percent of companies are offering matching contributions into the popular retirement programs, which saw savings rates and employer participation wane along with the plans’ value during the financial crisis.
Gallows humor at the time featured jokes that the 401(k) nest eggs had shrunk so much that they should be called 201(k) plans.”
If you enjoy the content at iBankCoin, please follow us on Twitter
