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After shuttering its defined benefit plan in 2021, global packaging company Sonoco Products Co. has used the savings to boost its employer matching contribution to its $1.2 billion 401(k) plan, reports Pension & Investments. Under the new matching formula, employees now receive a dollar-for-dollar match up to 6%.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation