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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (72696)	10/16/1998 6:42:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

There is an interesting article in the October issue of CFO Magazine. Guess who was highlighted as being A PIONEER? Go to the following web address for the complete article: cfonet.com Here are some highlights: ONLINE LIFELINE? Employees with electronic access to 401(k) plan information may have much more than another bell and whistle. By Jeannie Mandelker Something interesting has been happening to Dell Computer Corp.'s 401(k) plan of late. Participation this year soared to 83 percent, compared with 52 percent in 1996. New employees enroll at the rate of 91 percent. With so many more employees participating, Dell is passing its deferral and contribution discrimination tests for the first time. In the past, failing those tests required senior management and other highly paid employees to give back contributions to their accounts, which, needless to say, did not sit well with chairman and CEO Michael Dell. The market decline notwithstanding, the generally stellar performance of Dell stock could be triggering this response among the rank and file, since the company uses it to fund its 401(k) match. But it may be no coincidence that since December 1997, all employees have had online access to their 401(k) account information. Dell certainly believes that such access has had something to do with the rise in employee interest in its 401(k). Going online has "increased participation because employees can visually monitor their accounts. We've had a fantastic response from employees," says Lisa Cummings, director of global benefits at Round Rock, Texas-based Dell, the $12.3 billion (revenues) computer maker with 13,500 U.S. employees.