Think twice before retooling this benefit

The 401(k) match is a great, cost-effective recruiting and retention tool — but several high-profile companies have made headlines by suspending or reducing the benefit.
The goods news: Few small or mid-sized companies are following suit.
Only 3% of employers plan on eliminating their 401(k) match this year, according to a recent survey by WorldatWork. Almost three quarters (74%) plan on keeping things the same, while 8% will likely decrease the match and 15% will actually increase it.
What it means to HR: Companies thinking about retooling retirement benefits to cut costs may want to reconsider — it may result in a big staffing disadvantage compared to competitors who keep their plans the same.