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Articles by Patty Kujawa

A ‘Father's' Wisdom: An Interview With Ted Benna

January 20, 2012
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As part of our 90th anniversary, Workforce Management is talking to some of the people and organizations that helped influence today's workplace. In this installment, Workforce Management contributor Patty Kujawa speaks with Ted Benna, the "father" of the 401(k). In the early 1980s, Benna, a benefits consultant saw an opportunity in the tax code that ultimately made 401(k) plans flourish. It earned him the "father" title. Benna says at the time there wasn't a strong incentive for employees to contribute. So in 1981 he asked the Internal Revenue Service to change certain rules, which led to today's 401(k)s. Benna is currently the president of the 401(k) Association and chief operating officer at Malvern Benefits Corp.
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Southwest Soars in BrightScope Inc.'s 2011 List of Top 401(k) Plans

January 17, 2012
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Southwest Airlines took the No. 1 spot on BrightScope Inc.'s third annual year-end list of top 30 401(k) plans in 2011. Companies making the list are continuing the trends of improving participation rates, increasing employer matches and lowering total plan costs.
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Several States' Residents Show Their Financial Savvy

December 23, 2011
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The Employee Benefit Research Institute did a state-by-state analysis to see whether it was possible to pinpoint financially savvy states and ranked them in two categories: financial literacy and financial behavior.
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Offering TIPS for Retirement

December 12, 2011
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Nearly half of defined contribution plan sponsors either offer or plan to soon offer some type of inflation protection strategy to their participants, a Mercer study shows. Stand-alone Treasury Inflation-Protected Securities, or TIPS, are the most widely used option, ahead of combining multiple asset classes.
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Employers, Experts Wary of Feds’ 401(k) Tax Proposals

November 21, 2011
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Two plans to cut the federal deficit could drastically change the tax treatment of 401(k) plans. The first, called the ‘20/20 cap,’ would limit annual 401(k) contributions to $20,000 or 20 percent of salary. The second would end tax deductions for 401(k) plans and replace them with a flat-rate refundable credit.
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Target-Date Funds Grow in Popularity as Retirement Tool

November 14, 2011
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Nearly 96 percent of participants enrolled in target-date funds in 2007 were still using them in 2009. And because more target-date fund products are in the marketplace, expenses are dropping. Despite their popularity and lower prices, target-date funds have their critics.
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Fact Box: What's a Target-Date Fund?

November 14, 2011
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Target-date funds employ a mix of stocks and bonds that are put on a set glide path.
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Find Out More About the Roth 401(k)

October 27, 2011
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These websites have useful tools and information to help compare the differences between Roth and traditional 401(k) plans:
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Roth 401(k)s Are Slow to Gain Toehold Among Employee Portfolios

October 26, 2011
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A new survey from the Profit Sharing/401k Council of America shows that more employers are offering Roth 401(k) plans, but many employees aren't taking advantage of this tax strategy.
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Are Millennials Too Conservative When Investing?

October 11, 2011
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Like baby boomers and Gen X'ers before them, now it's the millennials' turn to be targeted for their lack of savings savvy for retirement. Some say they are stock-market averse, and others contend it's from watching their parents' hard-earned savings go poof over the past several years.
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