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Skittish sponsors reconsider plan blackouts.(retirement plan blackouts)(Brief...

By Gunsauley, Craig
Publication: Employee Benefit News
Date: Monday, April 1 2002

Controversies surrounding the operation of retirement plans at bankrupt energy giant Enron are forcing employers nationwide to re-examine routine operations and policies of their 401(k) plans.

Much attention has been focused on a blackout of Enron's 401(k) plan lasting from Oct. 26 to Nov. 13, when the company switched plan administrators. Enron stock, comprising more than 60% of the assets in the 401(k), declined in value from $15.40 a share to $7 during the lockdown.

Many observers have questioned the timing of the Enron blackout, alleging that the company

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Skittish sponsors reconsider plan blackouts.(retirement plan blackouts)(Brief...

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