Workers Cut Back On 401(k) Savings

Marshall, Jeffrey; Heffes, Ellen M.
January 2004
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p11
Academic Journal
This article reports that due to the poor performance of investment markets, soft job prospects and the rising cost of health care an increasing amount of American workers are cutting back on their 401(k) plan savings. The news comes from a survey conducted by "PlanSponser" magazine which found that participation rates had dropped in all market segments while being most heavily concentrated in small and mid-sized plans. The article also discusses trends in companies matching dollars, the number of investing options offered by companies and the offering of company stock.


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