Controller's Report

July 2009

401(k) Contributions: 29 Percent of Employers Have Suspended their 401(k) Match

Since June 2008, numerous brand-name organizations have suspended their 401(k) matching contributions. Besides the Big Three automakers, such suspensions have occurred at Motorola, FedEx, Starbucks, Sears, Saks, Sprint Nextel, Macy’s, UPS, Wynn Resorts, Diebold, 7-Eleven, Callaway Golf, Harrah’s Entertainment, Hewlett-Packard, J. Crew, Paychex, Midas, AARP, Xerox, Forbes, National Public Radio, Monster Worldwide, and American Red Cross in Greater New York.

July 2009 - Table of Contents

CR July 2009 (full PDF issue)

Exercising Leadership: PwC Identifies 14 Action Points to Guide Cost Reduction While Exiting the Recession

KEEPING CONTROL: Costs for 3 Types of Health Plans in New Mercer Survey

Staying Current: Workers� Comp Costs Decline 4.6 Percent in �09�s First Quarter

P&C Rates: April Decline in Composite P&C Premiums at 7 Percent

Inventory Investment: Inventory Turns Average 19.8 Times at Fabricated Pipe Manufacturers

Coming in future issues of The Controller�s Report (0907)

T&E: Road Warrior Meals Average $137 Per Day in San Francisco

Bank Charges: Price Discounts for 55 Percent of ZBA Subaccounts

401(k) Contributions: 29 Percent of Employers Have Suspended their 401(k) Match

The Controller's Forum (0907)

Manufacturing Planning: MPI Study: Median Scrap and Rework is 2 Percent of Sales

The Controller's Calendar (0907)

HR Strategies: IOMA Survey Shows Hiring Freezes at 41 Percent of Respondents

IT Spending Cutbacks: Survey Shows IT Budgets Growing 1 Percent Per Year Through 2010

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