Joined Nov 11, 2007
31,929 Blog Posts

Recovery? Employers Start Contributing to 401ks Again

“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 theĀ 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.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter