A growing number of employers have increased their company match to the 401(k) plan, according to a recent survey from Aon Hewitt.
The most common match is now $1.00 per $1.00 on the first 6% of employee deferrals, with 19% of employers reporting this formula, up from 10% in 2011. Previously, a match of $0.50 per $1.00 on the first 6% was the most popular. Overall, nearly all employers (98%) provide some sort of employer contribution to the plan.
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