Are 401(k) matches making a comeback? - SmartBrief

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Are 401(k) matches making a comeback?

1 min read

Leadership

SmartPulse — our weekly reader poll in SmartBrief on Workforce — tracks feedback from leading managers and HR practitioners. We run the poll question each Wednesday in our e-newsletter.

Last week, we asked: Are you matching funds for your employees’ 401(k)?

  • Yes — we are doing our full match — 48%
  • Yes — we are doing a partial match of what we were doing before — 19%
  • No — we aren’t matching funds anymore — 17%
  • No — we never matched funds — 16%

Almost 7 in 10 people said they were doing some sort of match, with almost half of those polled saying they are doing full 401(k) matches. While the 401(k) has been panned for a while as a fool’s gold solution to dying pension funds, it seems reassuring that many employers are staying committed in some way as the recession wanes. While the long-term viability of the 401(k) is still in doubt in my mind, at least for now, all seems fairly stable.

Lance Haun is community director for ERE.net, the main guy over at Rehaul.com and a member of the SmartBrief on Workforce Advisory Board.