More companies are planning to cut back on, or end, their 401K match programs.
According to several new surveys, those programs match employee contributions to their retirement funds with 25 or 50 cents on the dollars from the employer.
But with tough economic times, employers are struggling to fund those match programs.
Federal reserve data shows that before the current crisis, employees near retirement age had 401K plans that averaged about $60,000.
Those plans now average about $40,000.