Immediate eligibility is now a feature of a significant proportion of 401(k) plans, says the PSCA. Fully 37 percent of plans now offer immediate eligibility found the "401(k) and Profit Sharing Plan Eligibility Survey 2001" a new mini-survey. Just more than half of plans (55 percent) offer eligibility after three months and another 26 percent set one year as a standard. The survey is online at www.psca.org/pdfs/elig2001.asp.



According to Reuters, Federated Investors is merging the assets from two funds -- Federated Kaufmann Small Cap Fund and Federated Aggressive Growth Fund -- into the Federated Kaufmann Fund. The firm is taking this step because the small cap fund and the aggressive growth fund have both been performing poorly.



Former employees of Enron have set up a website that helps them contact one another, stay informed of Enron-related events, and participate in the different lawsuits. To view this website, follow this link. 

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