Offered in 73% of all defined contribution plans, matching contributions are a popular way for employers to supplement participant retirement savings. However, use of matching contributions slid for the second consecutive year, down from 77% in 2018. The largest decrease is found among plans with under $5 million in assets; of these, 64% offer a match, vs. 73% in 2018. Still, employer match features continue to get more participant-friendly. For example, 41% of employers now offer a “true up,” and 80% make match contributions each pay period—both up from last year.
Plans Offering Employer Match
Plans With ‘True-up’ Match Provision
Other Match Provisions