Through the use of employee surveys and focus groups it was revealed that Eastman Kodak employees desired more investment options and an improved administrative service for their Section 401(k) plan, called the Savings and Investment Plan (SIP). A 401(k) plan is a retirement plan set up by an employer for its employees under the regulations of the Inland Revenue Services of America. Part of a participant’s salary goes to the 401(k) account as a saving and the employee enjoys the benefit a tax-...

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9.3.7 Manage employee retirement

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