Benefits

403(b) Regulations: They're Here… Now What?

February 10, 2009 (PLANSPONSOR.com) - In a Webcast sponsored by the National Association of Government Defined Contribution Administrators (NAGDCA), Pam Everhart, SVP, External Policy Development and Client Advocacy, Fidelity Investments, noted that the new 403(b) regulations and guidance that followed spelled out the rules clearly, but did not offer much on HOW to comply with the rules.

Tenneco Puts Match on Hold

February 9, 2009 (PLANSPONSOR.com) - Lake Forest, Illinois-based auto parts manufacturer Tenneco Inc. has suspended its 401(k) match for 2009.

Companies Continue to Trim Salary Budgets

February 9, 2009 (PLANSPONSOR.com) - Base salary budgets for 2009 have been reduced even more by many companies in response to a worsening economy and reshaping of corporate forecasts, according to a new Mercer survey.

Aon Freezes DB

February 6, 2009 (PLANSPONSOR.com) - Benefits consultant and insurance broker Aon Corp. is freezing its defined benefit pension plan as of April 1.

Eddie Bauer Suspends Match

February 6, 2009 (PLANSPONSOR.com) - As have a number of other companies, Eddie Bauer has announced it is suspending 401(k) match contributions for 2009 to cut costs.

7-Eleven Latest to Suspend 401(k) Match

February 6, 2009 (PLANSPONSOR.com) - Dallas-based 7-Eleven Inc. said it is cutting 200 positions and suspending contributions to employees' 401(k) accounts to minimize future job losses.

Poll Finds Execs Hard-Hit by Tough Economy

February 6, 2009 (PLANSPONSOR.com) - A new survey by a jobs Web site catering to executives found 86% say their shrinking retirement savings will mean working longer, with an average delay of 7 ½ years.

Most Employers Don't Measure Success of Wellness Programs

February 5, 2009 (PLANSPONSOR.com) - A recent survey conducted by the International Foundation of Employee Benefits Plans (IFEBP) found employers use wellness programs to control health care costs and help workers feel better, but most are not measuring their success with these goals.

McClatchy Joins 401(k) Match Suspenders

February 5, 2009 (PLANSPONSOR.com) - The ranks of members of the troubled media industry turning to a 401(k) match suspension as a cost-cutting move increased by one with word the McClatchy Co. is following suit.

Hewitt Finds Companies Globally Cutting 2009 Salary Budgets

February 4, 2009 (PLANSPONSOR.com) - According to new research by Hewitt Associates, the majority of organizations in every region of the world are responding to the current economic turmoil by making across-the-board cuts to their 2009 salary increase budgets.