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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (178473)	6/30/2004 4:13:07 PM
From: Elmer Phud	Read Replies (2) \| Respond to of 186894

Ron - As far as I know it is neither. Intel has a pension plan into which they make yearly contributions. Intel guarantees an employee a minimum pension upon retirement. The pension may be greater than the minimum but it will never be less (obviously). Additionally Intel has a 401K plan where employees can contribute up to I think 12.5% of their eligible pay (or more depending on age) up to a maximum of I think $12K per year. The contributions are on a before tax basis. The 401K contributions are controlled by the employee and he/she can select the various options (no, not those kind of options!) available under the plan. The pension plan is controlled by Intel and the employee has no say in it's investment selection. Typical company contributions have been about 8% of eligible pay per year. So I am told. I have never claimed to be an Intel employee. I do not discuss my employment status, however I will say that I am under non disclosure with Intel.