Cushman & Wakefield, New York, will suspend its matching contributions to the companys $301 million 401(k) pay conversion plan in 2009, confirmed spokesman Dwayne Doherty.
The suspension will begin Jan. 1.
Officials will evaluate the companys financial situation each quarter during the year and might restore the match if possible.
Mr. Doherty declined to say how many investment options the plan has, citing company policy.
JPMorgan Retirement Plan Services is record keeper for the pay conversion plan.