Smaller firms add 401(k) plans to keep talent amid recession

02/10/2009 | Wall Street Journal, The

Some small businesses are adding 401(k) plans despite the recession. "Employees ... want to work for firms that help them meet other life goals like saving for retirement," said Rick Meigs, president of 401khelpcenter.com. But the newly installed plans come with catches, including delayed employer matches and a moratorium on raises.

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