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Articles by Patty Kujawa

Restoring the 401(k) Match

May 6, 2010
Six months after it suspended its matching contribution to employees’ 401(k)s, Briggs & Stratton decided it was time to bring the dollars back. The company is part of a trend: Of the 293 U.S. employers that suspended matching contributions last year, 44 percent have already restored the match or intend to restore it by next year, Fidelity found.
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Most Workers Woefully Unprepared for Retirement

April 5, 2010
Twenty-seven percent of employees have less than $1,000 in savings, according to the Employee Benefit Research Institute’s annual retirement survey. More than half of respondents say their total value of household savings and investments is less than $25,000. The survey results present a strong case for automatically enrolling participants in plans and automatically escalating contribution rates.
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DB Sponsors Under the Gun to Fund Plans

January 21, 2010
The Pension Protection Act of 2006 requires defined-benefit plans to be fully funded by 2011. Because of the financial crisis, Congress eased the law’s original funding requirements in 2008. But each year, companies still need to meet specific funding levels until plans are 100 percent funded in 2011.
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