Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
April 11, 2002
AOL Revises its 401(k) Rules
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Time Warner Inc. has changed its retirement plan to allow employees to place company matching funds in investments other than its own shares, the Washington Post reports.

In making workers' savings less dependent on the performance of the corporation's stock, AOL Time Warner joins other companies that have adjusted their retirement plans since the collapse of Enron Corp.

"There was a lot of discussion and debate publicly about 401(k) plan flexibility for employees," corporation spokeswoman Tricia Primrose told the Post. "So the compensation committee of the board (of directors) reviewed the issue and approved the change for our plan."

AOL Time Warner, the world's largest media company, contributes as much as $2,000 a year in matching funds to each employee's 401(k) retirement plan.

Previously, most matching funds were automatically invested in company shares.
Now, employees can invest matching funds in any of more than 100 mutual funds from Fidelity Investments and other fund families.

Of AOL Time Warner's 89,300 employees, about 80 percent participate in the retirement plan, according to the Post.

To read the Washington Post story, click here.

Participate in this week's poll and discussion!

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: