5/25/2006: Transcript of Frontline Interview with Brooks Hamilton on Retirement Plans (Public Broadcasting Service)
Excerpt: "Put in a 401(k) plan. ... The company's contribution generally was structured to be a match based on whatever the employee put in. They might say, 'You put in a dollar, we'll put in 50 cents.' Well, suddenly the company had a great deal to gain if not 100 percent of the people joined the 401(k) plan. They probably were only putting in 2 or 3 percent of payroll because not everybody was in the plan. ..."
Important word about authorship:
BenefitsLink ® (BenefitsLink.com) provides this page for you,
with a hypertext link to an item we think is interesting and valuable
for companies sponsoring employee benefit plans, employees who participate in plans,
and firms who provide products and services to plans. But BenefitsLink
is not the author of the item to which this hypertext link
will take you (unless expressly indicated there).
|
|
