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Employers Strengthen 401(k)s
By EmploymentCrossing.com
Recently, the trend in Corporate America has been to strengthen employees' 401(k) plans.
Employers are doing this by making more investment options available, giving more advice, and encouraging automatic enrollment.
Many other companies, like Ariba, are even matching employee contributions. Over the past two years, Ariba employees have increased their retirement assets by 60%.
A recent survey, conducted by CFO Research Services, revealed that 84% of 2008 executives believe that 401(k) plans are essential to the retention and recruitment of high-quality staff.
In addition, many executives believe that debt stress decreases productivity. Therefore, executives are considering it a financial benefit to offer debt relief to their employees.
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