As Pandemic Rolls On, Some Employers Reinstate Matches
Though their business environments have not returned to normal, some employers that had made changes to their retirement plan match are beginning to revisit this decision.
Though their business environments have not returned to normal, some employers that had made changes to their retirement plan match are beginning to revisit this decision.
What is particularly encouraging is that 37% of plans on T. Rowe Price’s platform automatically enroll their participants at a 6% or higher deferral rate.
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year.