Pension Publications

Companies That Have Changed or Temporarily Suspended Their 401(k) Matching Contributions

Below is a list of employers that have announced plans to reduce or suspend matching contributions to their employees' 401(k) and other defined contribution plan accounts since June 2008. For details on each company's decision, click the employer's name to see the company's press release or news story announcing the change.

Learn why the employer match is such an important feature of 401(k) plans. Check out our similar list of companies that have made changes to their defined benefit plans.

Please note that this is not a comprehensive list. The companies listed below are only the companies that we are aware of, based on corporate press releases, news reports and other sources. When we have learned, via a news report or correspondence, that a company plans to reinstate its 401(k) match, we have indicated it below.

Announcement Date	Employer	Effective Date/
05/10/2010	Independent Bank Corporation	01/01/2010
05/07/2010	Coleman Cable, Inc. Coleman Cable, Inc. reinstated its 401(k) match effective 01/01/2010.	01/01/2010
05/04/2010	LECG Corporation LECG Corporation has reinstated its 401(k) match.	01/01/2010
04/16/2010	Mecklenburg County, North Carolina	04/23/2010
04/09/2010	Purdue University	01/01/2011
03/02/2010	NJ Transit	03/02/2010
02/11/2009	Foxwoods Resort Casino	unknown
02/05/2010	Exelon Corporation	unknown
01/28/2010	Arkansas Best Corporation	unknown
01/18/2010	The Buddy Program	unknown
12/29/2009	Forsyth County, Georgia	01/01/2010
12/20/2009	PGA Tour	01/01/2010
11/30/2009	Washington National Opera	unknown
11/30/2009	Daniel Island Community Association	unknown
11/19/2009	Chordiant Software, Inc.	01/01/2010
11/13/2009	The Washington Times	11/13/2009
11/13/2009	Anchor BanCorp Wisconsin Inc.	unknown
11/12/2009	Westell Technologies	unknown
11/05/2009	Fisher Communications, Inc.	unknown
11/03/2009	Psychemedics Corporation	unknown
10/27/2009	St. Barnabas Health Care System	January 2010
10/22/2009	Southern Community Financial Corporation	unknown
09/17/2009	Metro Community Provider Network	unknown
08/23/2009	Honeywell International, Inc.	unknown
08/20/2009	Perceptron, Inc.	January 2009
08/19/2009	Hawker Beechcraft	10/05/2009
08/17/2009	Syracuse City, Utah	unknown
08/14/2009	Canterbury Park Holding Corporation	unknown
08/13/2009	IntriCon Corporation	unknown
08/05/2009	Detrex Corporation	unknown
08/04/2009	Greenberg Traurig	unknown
08/04/2009	Foley Hoag LLP	unknown
07/29/2009	Citizens Republic Bancorp, Inc.	unknown
07/28/2009	PEGASYS	unknown
07/16/2009	American Express American Express has reinstated its 401(k) match.	03/30/2009
07/14/2009	Spokane Symphony	unknown
07/13/2009	Audiovox Corporation	unknown
07/07/2009	Affirmative Insurance Holdings	07/25/2009
07/02/2009	Lincoln City, Nebraska	01/01/2010
06/29/2009	Portland Art Museum	01/01/2010
06/26/2009	Cumberland County, North Carolina	07/01/2009
06/25/2009	Lincoln Airport Authority Lincoln Airport Authority has reduced the amount of the 401(k) match for employees hired after 08/01/09.	08/01/2009
06/25/2009	Acxiom Corporation	07/01/2009
06/24/2009	Rockingham County, North Carolina	unknown
06/22/2009	Johnston County, North Carolina	unknown
06/19/2009	Jewish Community Center of Greater Kansas City	unknown
06/18/2009	Forum Health Trumbull Memorial Hospital	unknown
06/10/2009	PBS	01/01/2010
06/10/2009	Spartech Corporation	unknown
06/09/2009	FuelCell Energy, Inc.	February 2009
06/05/2009	Austin Museum of Art	unknown
06/02/2009	Elliot Health Systems	unknown
06/01/2009	Briggs & Stratton Corporation Briggs & Stratton Corporation reinstated its 401(k) match effective 01/01/2010.	07/01/2009
06/01/2009	Newburyport Public School Teachers	09/01/2009
05/29/2009	Cookeville Regional Medical Center Cookeville Regional Medical Center reinstated its 401(k) match effective 07/26/2010.	unknown
05/29/2009	Hurco Companies, Inc.	unknown
05/28/2009	Arctic Cat Inc.	unknown
05/28/2009	Worthington Industries, Inc. Worthington Industries, Inc. reinstated its 401(k) match effective 09/01/2009.	unknown
05/27/2009	Kelly Services, Inc.	unknown
05/27/2009	Opnext	unknown
05/24/2009	West Tennessee Healthcare	unknown
05/23/2009	San Francisco Opera	unknown
05/21/2009	Brandeis University	07/01/2009
05/21/2009	Columbus McKinnon	unknown
05/20/2009	Mercy Medical Center	unknown
05/16/2009	Cape Cod Media Group	unknown
05/15/2009	Covenant College Covenant College reinstated its 401(b) match less than three months after suspending it.	unknown
05/14/2009	American Red Cross in Greater New York	unknown
05/12/2009	Cliffs Natural Resources Inc.	unknown
05/11/2009	Standex International Corporation	04/01/2009
05/11/2009	Bowne & Co., Inc.	01/01/2009
05/11/2009	Grays Harbor County Sheriff's Department	unknown
05/11/2009	Langer, Inc.	unknown
05/11/2009	Solutia, Inc. Solutia, Inc. reinstated its 401(k) match effective 01/01/2010.	unknown
05/08/2009	Affinia Group Intermediate Holdings Inc.	unknown
05/08/2009	Willis Group Holdings LTD	unknown
05/07/2009	Milwaukee Symphony Orchestra	unknown
05/07/2009	Integra Bank Corporation	unknown
05/07/2009	Interstate Hotels & Resorts, Inc.	unknown
05/07/2009	Verso Paper Corporation	unknown
05/06/2009	Pacer International, Inc.	unknown
05/06/2009	Mueller Water Products Inc.	unknown
05/05/2009	Altra Holdings, Inc.	unknown
05/05/2009	Cincinnati Bell Inc. Cincinnati Bell, Inc. reinstated its 401(k) match effective 01/01/2010.	unknown
05/04/2009	Colonial BancGroup, Inc.	unknown
05/04/2009	Mercury General Corporation Mercury General Corporation reinstated its 401(k) match effective 1/01/2010.	unknown
04/30/2009	Monster Worldwide, Inc.	unknown
04/30/2009	QLogic Corporation	unknown
04/30/2009	Alliant Energy Corporation	unknown
04/30/2009	Oshkosh Corporation	01/01/2009
04/30/2009	Zygo Corporation	unknown
04/30/2009	Mine Safety Appliances Company	unknown
04/29/2009	Harman International Industries, Inc. Harman International Industries, Inc. reinstated its 401(k) match effective 01/01/2010.	unknown
04/29/2009	Electronics for Imaging, Inc.	unknown
04/29/2009	West Liberty Foods West Liberty Foods has not only reinstated its 401(k) match, but reinstated the matching program retroactively. All employee contributions, even those made while the program was suspended, received matching employer contributions.	04/27/2009
04/28/2009	Carters, Inc.	unknown
04/28/2009	Double-Take Software	unknown
04/28/2009	CC Media Holdings	unknown
04/28/2009	Day Publishing Company	unknown
04/28/2009	CTS Corporation CTS Corporation reinstated its 401(k) match effective 1/01/2010.	unknown
04/27/2009	First Advantage Corporation	unknown
04/24/2009	National Public Radio	05/01/2009
04/24/2009	Steelcase Inc.	01/01/2010
04/24/2009	Stanley Works Company Stanley Works Company reinstated its 401(k) match effective 1/01/2010.	2008
04/24/2009	PSB Group, Inc.	unknown
04/24/2009	Saia, Inc.	unknown
04/23/2009	Phoenix Media/Communications Group	05/01/2009
04/23/2009	Mercantile Bank Corporation	unknown
04/23/2009	Frontier Financial Corporation	05/01/2009
04/21/2009	T.J.T., Inc.	unknown
04/21/2009	The South Financial Group, Inc.	unknown
04/21/2009	Catholic Relief Services	unknown
04/21/2009	Cognex Corporation	unknown
04/21/2009	Manhattan Associates Inc.	unknown
04/21/2009	Weyerhaeuser Company Weyerhaeuser Company reinstated its 401(k) match effective 07/01/2010.	unknown
04/20/2009	Park Nicollet Health Services	unknown
04/19/2009	United Way of Central Maryland	unknown
04/16/2009	Roman Catholic Diocese of Providence	07/01/2009
04/16/2009	Cytec Industries Inc.	05/01/2009
04/16/2009	Sonoco Sonoco reinstated its 401(k) match effective January 1, 2010.	unknown
04/15/2009	A. M. Castle & Co.	end of April 2009
04/14/2009	Boise Cascade	unknown
04/14/2009	Teltronics, Inc.	unknown
04/14/2009	Hallmark Health	unknown
04/14/2009	RF Monolithics, Inc.	unknown
04/14/2009	Northern Technologies International Corporation	unknown
04/09/2009	Daimler Trucks North America	05/01/2009
04/09/2009	Con-Way, Inc.	unknown
04/08/2009	Dean Health System	04/08/2009
04/07/2009	Utah Symphony & Opera	02/02/2009
04/07/2009	Denver Bookbinding Company	unknown
04/07/2009	Micron Technology, Inc.	unknown
04/06/2009	MGM Mirage	unknown
04/05/2009	Healey Chevrolet	unknown
04/05/2009	Gibraltar Industries	unknown
04/03/2009	HHF, Inc.	04/01/2009
04/02/2009	Frozen Food Express Industries, Inc.	unknown
04/02/2009	MSC Industrial Direct Co., Inc.	unknown
04/01/2009	Frisbie Memorial Hospital	unknown
04/01/2009	Forbes Forbes has reinstated its 401(k) match.	unknown
04/01/2009	Opnext, Inc.	unknown
03/31/2009	KapStone Paper and Packaging Corporation Kapstone Paper and Packaging Corporation reinstated its 401(k) match effective 01/01/2010.	02/01/2009
03/31/2009	LoJack Corporation LoJack Corporation reinstated its 401(k) match effective 01/01/2010.	unknown
03/31/2009	Paulson Capital Corporation	02/01/2009
03/31/2009	Medved Chevrolet	unknown
03/31/2009	Nashua Corporation	unknown
03/31/2009	Cygnus Business Media	unknown
03/31/2009	Rockwell Automation Inc. Rockwell Automation Inc. reinstated its 401(k) match effective 01/04/2010.	04/24/2009
03/31/2009	News-Journal Corp.	unknown
03/31/2009	Integrated Device Technology, Inc. Integrated Device Technology, Inc. has reinstated its 401(k) match.	unknown
03/31/2009	Wausau Paper Corp. Wausau Paper reinstated its 401(k) match effective 1/01/2010.	unknown
03/30/2009	Harrington West Financial Group, Inc.	unknown
03/30/2009	Federal Signal Corporation Federal Signal Corporation reinstated its 401(k) match effective 01/01/2010.	unknown
03/28/2009	West Penn Allegheny Health System	03/29/2009
03/27/2009	The Minnesota Opera The Minnesota Opera has announced plans to reinstate its 401(k) match in January 2011.	07/01/2009
03/26/2009	Columbia Bancorp	01/01/2009
03/26/2009	Escalade, Inc.	unknown
03/26/2009	Key Technology, Inc.	unknown
03/26/2009	SMART Modular Technologies	unknown
03/25/2009	City of Aberdeen, Washington	unknown
03/25/2009	JPMorgan Chase & Co. JP Morgan Chase & Co. has announced the reinstatement of its 401(k) match.	05/01/2009
03/25/2009	Old Second Bancorp, Inc.	unknown
03/25/2009	Burton Snowboards	unknown
03/24/2009	Penn Traffic Company	unknown
03/24/2009	The Bakersfield Californian	03/30/2009
03/24/2009	Beth Israel Deaconess Medical Center	unknown
03/20/2009	Xerox	unknown
03/19/2009	Winnebago Industries, Inc.	unknown
03/19/2009	Stein Mart, Inc. Stein Mart, Inc. reinstated its 401(k) match effective 01/01/2010.	unknown
03/19/2009	The Arts & Science Council	unknown
03/18/2009	University of Montana Foundation	unknown
03/17/2009	AMCORE Financial	unknown
03/17/2009	Casa Grande Regional Medical Center	03/01/2009
03/16/2009	United Way for Southeastern Michigan	unknown
03/13/2009	Unifi, Inc.	unknown
03/12/2009	The Black & Decker Corporation The Black & Decker Corporation announced the reinstatement of its 401(k) match in a 11/12/2009 regulatory filing. The match was reinstated effective 12/01/2009.	04/01/2009
03/12/2009	Cornerstone University	unknown
03/12/2009	PPG Industries	unknown
03/11/2009	AARP AARP announced the reinstatement of its 401(k) match on 10/29/2009.	03/22/2009
03/11/2009	Lydall, Inc.	05/01/2009
03/10/2009	Stephens College	unknown
03/10/2009	Salt Lake County, Utah	03/31/2009
03/10/2009	Belo Corp.	mid-April
03/09/2009	Grand Rapids Symphony	03/09/2009
03/09/2009	Con-way Inc.	unknown
03/05/2009	Simmons College	03/01/2009
03/05/2009	Wuesthoff Health System	03/29/2009
03/05/2009	Pinnacle Airlines Corp.	unknown
03/05/2009	Milwaukee Public Museum	03/05/2009
03/05/2009	Herman Miller Inc.	03/09/2009
03/05/2009	Midas, Inc.	unknown
03/04/2009	Finisar Corporation	unknown
03/04/2009	Methodist Medical Center	unknown
03/04/2009	Casella Waste Systems, Inc.	unknown
03/04/2009	American Casino and Entertainment Properties	unknown
03/04/2009	Times-Shamrock Communications	unknown
03/03/2009	The Perkins School	unknown
03/03/2009	Trinity Regional Medical Center Trinity Regional Medical Center has reduced its 401(k) match to a 2% contribution from 4% employer matching contribution.	unknown
03/03/2009	Kenneth Cole Productions Inc.	unknown
03/03/2009	Actuant Corporation	03/02/2009
03/03/2009	HSN, Inc.	unknown
03/03/2009	Omaha World Herald	unknown
03/03/2009	FirstEnergy	unknown
03/03/2009	Raycom Media	04/01/2009
03/02/2009	YRC Worldwide Inc.	01/01/2009
03/02/2009	Ferro Corporation	unknown
03/02/2009	Paychex Inc.	04/01/2009
02/27/2009	J. Crew	unknown
02/26/2009	Famous Dave's of America, Inc.	unknown
02/26/2009	Lamar Advertising	unknown
02/26/2009	CDI Corporation	unknown
02/25/2009	Regions Financial Corporation Regions Financial Corporation reinstated its 401(k) match effective 1/01/2010.	04/01/2009
02/25/2009	Dixie Group	unknown
02/25/2009	McGrath RentCorp	unknown
02/25/2009	SABIC Innovative Plastics	unknown
02/25/2009	Stoneridge, Inc.	unknown
02/25/2009	R.R. Donnelley & Sons Company	unknown
02/25/2009	Radiant Systems, Inc.	unknown
02/24/2009	The Eaton Corporation	04/01/2009
02/23/2009	Molded Fiber Glass Companies	February 2009
02/23/2009	The Container Store Inc.	03/25/2009
02/23/2009	Schneider National Inc.	unknown
02/23/2009	Christopher & Banks Corporation	03/01/2009
02/20/2009	Coca-Cola Bottling Co. Consolidated	04/01/2009
02/20/2009	Kennametal, Inc.	unknown
02/20/2009	Dare County, North Carolina	02/21/2009
02/19/2009	The Dun & Bradstreet Corporation The Dun & Bradstreet Corporation reinstated its full 401(k) match effective 01/01/2010.	02/19/2009
02/19/2009	Morningstar, Inc. Morningstar, Inc. has reinstated its 401(k) match to provide participants with a 50 percent employer match on employee contributions.	01/01/2009
02/19/2009	West Virginia University Hospitals	unknown
02/19/2009	E.W. Scripps Company	01/01/2009
02/19/2009	Georgia Bancshares, Inc.	unknown
02/19/2009	CoStar Group, Inc.	unknown
02/19/2009	Radio One	unknown
02/19/2009	Antigenics Inc.	unknown
02/18/2009	Columbus Components Group	unknown
02/18/2009	Hewlett-Packard	unknown
02/18/2009	LodgeNet Interactive Corporation	unknown
02/17/2009	Albritton Communications Company	unknown
02/17/2009	Vitesse Semiconductor Corporation	unknown
02/17/2009	North Jersey Media Group	unknown
02/17/2009	Fossil, Inc.	unknown
02/16/2009	Sparton Corporation	04/01/2009
02/13/2009	Atlanta Convention and Visitors Bureau	03/01/2009
02/12/2009	Journal Communications, Inc. Journal Communications, Inc. has announced that it will reinstate its 401(k) match in 2011.	02/12/2009
02/11/2009	Bassett Furniture Industries, Inc.	unknown
02/11/2009	Harrah's Entertainment, Inc.	unknown
02/11/2009	Libbey, Inc. Libbey, Inc. reinstated the its 401(k) match effective 12/1/2009.	01/01/2009
02/10/2009	Commercial Vehicle Group, Inc. Commercial Vehicle Group, Inc. reinstated its 401(k) match effective 1/01/2010.	01/01/2009
02/10/2009	The Advocate (2nd item)	02/06/2009
02/10/2009	New York Daily News	02/15/2009
02/10/2009	Greater Greenville Chamber of Commerce	02/10/2009
02/06/2009	Callaway Golf Company	unknown
02/06/2009	Star-Tribune	03/31/2009
02/06/2009	7-Eleven 7-Eleven reinstated its 401(k) match effective 1/01/2010.	unknown
02/06/2009	Eddie Bauer	unknown
02/06/2009	Allis-Chalmers Energy Inc.	unknown
02/05/2009	Cohu, Inc.	unknown
02/05/2009	Tenneco Inc. Tenneco Inc. reinstated its 401(k) match effective 1/01/2010.	01/01/2009
02/05/2009	Talbots, Inc.	unknown
02/05/2009	Diebold	01/01/2009
02/05/2009	Brush Engineered Materials Inc.	unknown
02/05/2009	McClatchy Company	03/31/2009
02/04/2009	WellCare Health Plans Inc.	01/01/2009
02/04/2009	Measurement Specialties, Inc.	01/01/2009
02/04/2009	ArvinMeritor, Inc. ArvinMeritor, Inc. has reinstated its 401(k) match.	01/01/2009
02/03/2009	Wynn Resorts Limited.	01/01/2009
02/03/2009	G-III Apparel Group Ltd.	02/01/2009
02/03/2009	St. Petersberg Times	04/01/2009
02/03/2009	UPS	01/01/2009
02/03/2009	Washington Regional Medical Center	01/01/2009
02/03/2009	Huntington Bancshares, Inc.	01/01/2009
02/03/2009	Mount Airy Casino Resort	01/01/2009
02/02/2009	Penske Automotive Group, Inc.	unknown
02/02/2009	Macy's, Inc.	01/01/2009
02/02/2009	Penske Automotive	01/01/2009
02/02/2009	Lincoln Electric Holdings Inc.	01/01/2009
02/02/2009	Xerium Technologies	01/01/2009
01/31/2009	Stephens Media LLC	01/31/2009
01/30/2009	Pep Boys Auto	01/01/2009
01/29/2009	Strattec Security Corporation	01/01/2009
01/29/2009	Electro Scientific Industries Inc.	unknown
01/29/2009	The Bon-Ton Stores, Inc.	01/01/2009
01/28/2009	Reader's Digest Inc.	01/01/2009
01/26/2009	Sprint Nextel Corporation	01/01/2009
01/22/2009	Wabash National Corporation	unknown
01/20/2009	Media General	04/01/2009
01/16/2009	The San Diego Union-Tribune	01/01/2009
01/16/2009	AMD, Inc.	02/01/2009
01/15/2009	Cymer	unknown
01/15/2009	Saks, Inc.	01/30/2009
01/13/2009	Visteon Corporation	01/01/2009
01/13/2009	Zep, Inc. Zep, Inc. announced the reinstatement of its 401(k) match on 07/03/2009. Read more on our blog.	01/13/2009
01/13/2009	Belk, Inc.	01/01/2009
01/12/2009	Mohegan Tribal Gaming Authority	02/01/2009
01/08/2009	U.S. Steel Corporation	01/01/2009
01/07/2009	Dana College	unknown
01/07/2009	ShopNBC	01/01/2009
01/06/2008	LeCroy Corporation	01/01/2009
01/01/2010	Solo Cup Company Solo Cup Company reinstated its 401(k) match effective 01/01/2010.	01/01/2010
12/31/2008	GateHouse Media	01/01/2009
12/31/2008	Media News Group	01/01/2009
12/30/2008	Sears Holding Corporation	01/31/2009
12/29/2008	NCR Corporation	12/29/2008
12/23/2008	Starbucks Starbucks has announced that it will match employee contributions to its 401(k) plan for the 2009 plan year.	01/01/2009
12/23/2008	Keithley Instruments	01/01/2009
12/23/2008	Unisys	01/01/2009
12/22/2008	American Media (3rd item)	12/31/2008
12/22/2008	Kemet Corporation	01/01/2009
12/19/2008	FirstMerit	01/01/2009
12/18/2008	FedEx FedEx reinstated its 401(k) match effective 1/01/2010.	02/01/2009
12/18/2008	GenCorp Inc. GenCorp Inc. reinstated its 401(k) match effective July 2010.	01/15/2009
12/17/2008	Motorola	01/01/2009
12/16/2008	Momentive Performance Materials	01/01/2009
12/11/2008	Boyd Gaming Corporation	01/01/2009
12/10/2009	Resorts International Holdings L.L.C.	01/01/2009
12/10/2008	Eastman Kodak Eastman Kodak reinstated its 401(k) match effective 1/01/2010.	01/01/2009
12/06/2008	Vail Resorts Vail Resorts has reinstated its 401(k) match effective 4/01/2010.	01/01/2009
12/04/2008	Ford Ford reinstated its 401(k) match effective 1/1/2010.	unknown
12/02/2008	Chrysler	unknown
12/02/2008	Station Casinos	unknown
12/01/2008	RF Micro Devices, Inc. RF Micro Devices, Inc. has reinstated its 401(k) match.	01/01/2009
11/24/2008	Intermountain Healthcare Intermountain Healthcare reinstated its 401(k) match effective 1/01/2010.	01/01/2009
11/06/2008	Cushman & Wakefield	01/01/2009
11/05/2008	Lee Enterprises Inc.	unknown
10/31/2008	Entercom	unknown
10/24/2008	A.H. Belo Corporation	01/01/2009
10/23/2008	General Motors General Motors reinstated its 401(k) match effective 10/10/2009.	11/01/2008
07/01/2009	Morris Communications Company	07/31/2009
06/01/2008	Frontier Airlines Holdings Inc.	unknown
2008	Dollar Thrifty Automotive Group Dollar Thrifty Automotive Group reinstated its 401(k) matching conntribution for the 2009 plan year.	01/01/2008