US. Coronavirus puts company match under pressure
For the employers that suspended or reduced their matches in defined contribution plans, the coronavirus — which caused the economic havoc leading to cost-cutting — also looms over their efforts to reinstate these benefits. "If companies can bring back the match, they will," said Gregg Levinson, the Philadelphia-based senior director of retirement at Willis Towers Watson PLC. However, a new survey by his firm, conducted during the first half of June, shows that bringing back the match could take...