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Only 10% of employers have cut or suspended their match

COVID virus

A new survey from Willis Towers Watson has nearly 10% of U.S. companies have used the crisis to cut or suspend the 401(k) match. It’s an amazing statistic. While big business seems to be making record profits, small and medium-sized companies have been crushed because of COVID, so I’m surprised that it’s only 10%, I would have assumed it would be higher.

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