One of the best tools to save for retirement over the last three decades has been the 401(k) and the corporate match —free money! — that came with it. In many places, one of the first casualties of the financial crisis was the company match.
Now it seems, the match is roaring back. Many companies are boosting their matches in employee 401(k) plans, according to a report by Vanguard Group, the investment firm with $4.4 trillion under management.
The results of the study, titled "How America Saves," were reported in the Wall Street Journal.
Many firms are using the automatic matches as an inducement for people to save more, creating more peace of mind and...