Quarterly Update for Benefit Plan Sponsors - Fourth Quarter 2005

A study by Hewitt found that employees who contribute to their company’s 401(k) plan and also have access to a defined benefit plan and retiree medical subsidy can expect to replace 98% of their annual pre-retirement income in retirement. Employees in a 401(k) plan without access to a pension plan or retiree medical subsidy can expect to replace approximately 73% of their income.