Black & Decker Reinstating 401(k) Match

By Staff Report

Nov. 23, 2009

Black & Decker’s employees are getting a little something for the holidays: The company is reinstating its 401(k) plan match effective December 1.

The tool and accessories, hardware and home improvement products manufacturer will return the match to its prior level, which was 50 percent on the first 6 percent contributed, according to a Securities and Exchange Commission filing.

The match had been suspended in April, said Roger A. Young, vice president of investor and media relations.

Young said the reinstatement is unrelated to the November 2 announcement that Towson, Maryland-based Black & Decker plans to merge with The Stanley Works, which is based in New Britain, Connecticut

“It was always intended to be temporary,” he said of the suspension.

Filed by Judy Greenwald of Business Insurance, a sister publication of Workforce Management. To comment, e-mail

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.


blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog

Employee Engagement

12 practical employee appreciation ideas for better engagement and retention

Summary Showing appreciation to your employees improves engagement and retention. There are 12 practica...

employee appreciation, engagement, HR, raccoons

workforce blog


California fast food workers bill: why it’s more than meets the eye and how to prepare

Summary: California signs bill establishing a “fast food council” that has the power to raise the indus...

workforce blog

Employee Engagement

7 statistics on employee turnover in 2022 every HR manager should be aware of

Summary July 2022 saw 5.9 million total separations – More Replacing a full-time employee can cost up t...

employee retention, employee turnover