Just when we thought it couldn’t get any worse, more companies are suspending their 401(k) match. A challenging economy is often cited as the reason for this decision.

The alarm bells went off last week when GM stopped their 401(k) match in order to conserve cash and survive this downturn/recession. I don’t think it will be long before more companies take GM’s lead and eliminate their match as well.

Prior to GM Goodyear, Frontier Airlines, Cushman & Wakefield, Entercom and Dollar Thrifty made the decision to cut their match.

Do you think this will hurt morale and decrease productivity?

http://www.TheMichaelDBrown.com

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