About 48% of large companies that have cut or suspended their matching 401(k) plan contributions expect to partially or fully restore their contributions within the next year, according to a Watson Wyatt Worldwide survey released today.
Of those, 67% said they will go back to the contribution level held before the suspension, 12% will do so at a lower level and 21% said the match will depend on the company's earnings, according to the survey of human resources executives at 175 large U.S. companies earlier this month.
Twenty-four percent said they plan to reinstate or increase matching contributions within the next six months, compared to 5% in a June survey by the firm.
In the latest survey, another 24% said they plan to reinstate or increase their 401(k) matches within a year, compared to 43% in June.
