Companies planning to restart 401K match (unemployment, statistics, Obama, solution)

[florida.bob]

Here's another sign of the impending doom of the economy under Obama.

Eight in 10 firms plan to restore 401(k) match: Survey - The Retirement Blog - MarketWatch

[AuDiBelle]

Well that is good news certainly.

This, however, is not so bright a picture:

Employers are less confident today than a year ago about their workers’ ability to retire with sufficient assets. This should not come as a surprise given the various statistics we’ve gathered about retirement savings in America. Consider: Fewer and fewer workers have a traditional pension plan at work. Less than half of workers have a 401(k) plan at work.

[Buckhorn]

I work in the retirement plan field. I'd never seen so many retirement plans terminate in one year (2009). That being said, business has been absolutley booming for the last month or so. I hope that's the trend.

[denverian]

Originally Posted by Buckhorn

I work in the retirement plan field. I'd never seen so many retirement plans terminate in one year (2009). That being said, business has been absolutley booming for the last month or so. I hope that's the trend.

Probably because many of us had no choice but to cash out since early retirement (extended unemployment) was forced on us.

[Buckhorn]

Originally Posted by denverian

Probably because many of us had no choice but to cash out since early retirement (extended unemployment) was forced on us.

Many of the plan terminations accompanied dissolution of the companies.

The others were due probably to skittish employers who panicked and thought it was a good idea to kill their retirements.