Kernel 4.2 includes a significant commit (87549141d516aee71d511138e27117c41e8aef68), after the patch the files and directory are present even if the CPU is offline. If the CPU is offline, writing to those files isn't allowed and so the echo in 94cpufreq fails.

If the failed echo is not the last pass through the loop, then
the bad exit code gets overwritten with a good one before
the loop exits. If the failed echo is the last pass through the loop, due to the highest numbered CPU being offline, then then 94cpufreq returns an error code and pm-suspend aborts.

So what is needed is something like (and this doesn't actually work yet):

hibernate_cpufreq()
{
        ( cd /sys/devices/system/cpu/
        for x in cpu[0-9]*; do
                # if cpufreq is a symlink, it is handled by another cpu. Skip.
                [ -L "$x/cpufreq" ] && continue
                gov="$x/cpufreq/scaling_governor"
                # if we do not have a scaling_governor file, skip.
                [ -f "$gov" ] || continue

+               # if the CPU is offline, skip, unless no file, i.e. CPU0.
+               [ $(cat "$x/online") = "1" -o ! -f "$x/online" ] || continue
Or
+               if [ $(cat "$x/online") = "1" ] || [ ! -f "$x/online" ]; then
+                       continue;
+                fi
Or something similar that actually works.

                # if our temporary governor is not available, skip.
                grep -q "$TEMPORARY_CPUFREQ_GOVERNOR" \
                        "$x/cpufreq/scaling_available_governors" || continue
                savestate "${x}_governor" < "$gov"
                echo "$TEMPORARY_CPUFREQ_GOVERNOR" > "$gov"
        done )
}

Or just force a good return code at the end (which is what I'm doing now, so that I can move on):