AOL joins companies including United Parcel Services Inc. in citing the health-care law for cuts to spending on benefits. UPS, the nation’s fourth-largest employer, discontinued health coverage this year to white-collar employees’ spouses who can get it through another company. The 2010 law would increase costs and provide other insurance options for spouses, UPS said in August.

Armstrong’s move to annual 401(k) matching contributions follows a similar decision in late 2012 by International Business Machines Corp. While IBM wasn’t the first company to make such a change, the practice is less common than including 401(k) deposits with each pay period, according to Kravitz Inc., which administers about 1,000 retirement plans.

IBM altered the retirement payments to help keep the company competitive, it said at the time. It didn’t cite the health-care law.

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