More companies weigh cutting 401(k) match in pandemic pinch

By Suzanne Woolley
Published Updated 4 Min Read

The pandemic is affecting one of the best perks of workplace retirement-savings plans: company matches to employee 401(k) contributions.

Many firms in the hard-hit hospitality and retail industries have already suspended, reduced or deferred matches, including Expedia Group, Hilton Grand Vacations and Best Buy. Even with the recent rally in stocks, many more companies are planning or considering such a move.

Suzanne Woolley
From Bloomberg News

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