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Articles by Patty Kujawa

Weighing Retirement Calculator Options

October 4, 2010
As retirement calculators become more sophisticated, employees can gain better insights into how much they need to save. But the number of steps involved, as well as the underlying statistical models, can dramatically alter that bottom-line figure.
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Retirement Readiness Can Employers Do More

September 10, 2010
Despite the growth in 401(k) plans, nearly half of Americans ages 56 to 62 haven't saved enough for retirement, according to a recent Employee Benefit Research Institute analysis. Defined-contribution plans don't reach some employees, including those working in small businesses. Even BrightScope, the relatively young defined-contribution ranking company, is only now establishing a plan.
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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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