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Barry Armstrong has more than 25 years of experience in the financial services industry and hosts WRKO's Financial Exchange program every weekday from 10 a.m. to noon. Barry also works with the independent financial professionals at Armstrong Advisory Group, which he founded himself, to serve individual investors and small businesses in New England. For the most up to date information on The Financial Exchange, as well as industry news and info, follow Barry on Twitter @BarryGArmstrong.

02/27/2012 - 3:42pm
By: Armstrong Advisory Group
401(k) changes that can make a difference

Gone are the days of the pension, and many in recent years have found 401(k) employer matches hard to come by. Fortunately, most companies that were forced to suspend their 401(k) matches during the recession have now restored them.
 
According to a Towers Watson survey, 75 percent of 260 companies that suspended or reduced their match in January 2008 or later, have reinstated their employee retirement savings plan matches. The reinstatements primarily took place in January 2010 and January 2011, and this trend is expected to continue in 2012.
 
Most companies switched in the early '90s from pension...