Department of Labor puts heat on 401(k) fees

Article Abstract:

The Department of Labor released two educational publications aimed at educating workers about the basics of 401(k) plans and their responsibilities regarding the plans. 'A Look at 401(k) Plans' and 'Study of 401(k) Plan Fees and Expenses' were published to give workers the needed information with which to ask both employers and plan sponsors about the benefit. The Labor Department released both publication based on its findings that many plan sponsors failed to control costs, resulting in a 100 basis point increase in fees and expenses.

Employee Benefits & Services, Political aspects, Periodicals, Employee benefits, Literature, Salary reduction savings plans, 401K plans, United States. Department of Labor

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South Africa's stillborn recovery

Article Abstract:

The weakness of the rand has kept US corporations from investing in South Africa. The rand dropped 28% against the dollar during 1996 indicating the financial markets' loss of confidence in the government. The reluctance of US firms to enter South Africa is also attributed to high crime and corporate tax rates, political instability and the efforts of domestic corporations to block competition.

Economic aspects, Prices and rates, South Africa, Foreign business enterprises, Rand (South Africa)

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A defined contribution model for healthcare

Article Abstract:

Issues are presented concerning the policy of the Xerox Corp. who wished to change its current healthcare program to a format involving a defined contribution from employees. The employees adverse reaction is discussed.

HEALTH SERVICES, Medical Services NEC, Other Ambulatory Health Care Services, Management, Xerox Corp., XRX, Compensation and benefits, Medical care, Health care reform, Workers

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