Thursday, December 25, 2008

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Starbucks ends 401(k) match program


Coffee shop chain Starbucks Corp has informed employees it won't guarantee matching contributions to their 401(k) retirement plans next year, the Wall Street Journal reported Tuesday, citing a letter from the company.

According to the letter sent last week, Starbucks said it will switch to a fully discretionary match program from a fixed employer match as of Jan. 1.

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