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Articles by Patty Kujawa

Ending a Defined Benefit Plan Takes Shutdown Strategy, Experts Say

May 9, 2012
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Before a plan can be terminated, it needs to have all the funds necessary to pay benefits to employees. Once that happens, plan sponsors can start the process of shutting down the plan.
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Auto Enrollment in Place? Good, but Without Auto Increase, Disaster Lies in Wait

May 8, 2012
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Even with employer matches, automatically enrolled workers' annual savings doesn't hit the recommended minimum 10 percent of pay.
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Fidelity-ABB Ruling First in What Could Be String of Excessive-Plan-Fee Cases

April 19, 2012
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The case is significant because new federal rules that go into effect this summer will require 401(k) plan service providers—such as record keepers and investment managers—to report detailed fee information to plan sponsors.
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Rules for Retirement-Plan Fees Have Some Companies Scrambling to Comply

April 17, 2012
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Plan sponsors need provider fee information so they can give participants data on fees. This regulation comes in two waves: the first requiring plan sponsors to give participants plan and investment information due Aug. 30, and the second delivering quarterly information on fees and services to participants' individual accounts, due Nov. 14.
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Young Workers as Lifers? Millennials Push Employers on Retirement Benefits

April 10, 2012
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After seeing parents struggle through the Great Recession, a survey reveals that for many younger workers, financial security later in life is growing more important.
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You, Too, Can Be a Member of the ‘Millionaires Club'

April 3, 2012
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Despite the dour results of a recent survey, experts say employers can boost workers' retirement confidence. A Texas credit union is doing exactly that with its 'millionaires club:' Its HR department set up the club to encourage high savings rates among its employees.
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Getting Minorities to Buy In on Retirement

February 13, 2012
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Experts agree that automatically enrolling all participants and annually increasing the pretax employee salary contribution is crucial for getting minorities to participate in retirement plans.
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Wisconsin's Tough Choice

February 11, 2012
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Facing a $3.6 billion deficit for the state's 2011-13 budget, Wisconsin Gov. Scott Walker says he knew he had to do something and didn't really like the choices. The budget shortfall was the largest the state had ever seen, and Walker says he didn't want to raise taxes, fire anybody or cut services.
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States Taking a Hard Look at Pensions

February 11, 2012
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Considering that state and local pension systems are staring at $4 trillion in unfunded liabilities, it's no wonder that pension reform is on the minds of legislators across the country. Workforce Management takes a state-by-state look at the mounting problems and potential solutions being considered.
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