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August 2, 2010

All Business: Some companies restoring 401(k) match

  • Restoring a 401(k) match sends a message: We are prospering again.
    AP Business Writer

    NEW YORK — FedEx Corp. is reversing one of the uglier corporate trends of the recession: Starting in January, it will restore matching contributions to its employees' 401(k) plans. For some workers, that means retiring with tens of thousands more dollars socked away.

    Hundreds of miles from FedEx headquarters in Memphis, a small hospital that serves a vast, poorer, rural area of Tennessee is doing the same. Starting last Monday, it began chipping in on 401(k)s for the first time since May of last year.

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