US - Although suspending contributions can immediately reduce expenses, it can increase the risk of regulatory non-compliance and also affect employee morale, according to Mercer.
Reducing or eliminating contributions to 401(k) schemes along with other defined contribution plans is one route organisations in the US are exploring in order to preserve cash amid the recession. ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date