U.S. Employers Remain Committed to 401k Plans

The 401khelpcenter.com posts a helpful article written by Hewitt Associates regarding their 2003 survey of "nearly 500 large employers nationwide representing more than 3 million employees and $253 billion in 401k plan assets." According to the article entitled "U.S. Employers…

The 401khelpcenter.com posts a helpful article written by Hewitt Associates regarding their 2003 survey of “nearly 500 large employers nationwide representing more than 3 million employees and $253 billion in 401k plan assets.” According to the article entitled “U.S. Employers Remain Committed to 401k Plans“:

[A] great majority of companies (84 percent) either continued the company match or increased the match (7 percent) in 2002. Just four percent of companies surveyed decreased their match during 2002.

(There have been other articles reported on here which have noted that companies have either decreased or dropped the company match altogether.)

According to the article, among the most common new funds added by employers have been lifestyle funds. “Currently, 55 percent of companies surveyed offer these funds, up significantly from 35 percent in 2001,” the article states.

Leave a Reply

Your email address will not be published. Required fields are marked *