Mark Miller: Five Things to Remember if You Lose Your 401(k) Match

Apr 26th, 2009 - The Huffington Post

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A growing list of employers have reduced their matching contributions to workers' 401(k) accounts as they struggle to preserve cash in the recession. But here's how bad it's become: Even AARP has suspended its 401k match for the rest of 2009.

When the nation's most prominent defender of retirement security stops matching employee contributions, you know there's trouble in River City.

One-third of U.S. employers have reduced or eliminated their matching contributions to retirement accounts since the start of 2008, according to Spectrem Group, a retirement benefits consulting firm. Another 29 percent plan to do so this year, Spectrem reports.

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