St. Louis Post-Dispatch blogger David Nicklaus says Lee's 401(k) plan ranks below average.
BrightScope, which provides ratings on 401(k) plans, gives it a 46 out of 100. Cox, McClatchy, Gannett and Belo rank higher; Freedom Communications is lower.
Thursday, August 27, 2009
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Lee's 401K at Madison/Capital Newspapers in Madison, WI was always subpar. They went through all kinds of fund managers, but even in the golden years of the 1990s, the Lee plan usually could be counted on to come up with at least one fund that lost double-digits.
Of course, now that Lee has quit matching and profit-sharing, it's the worst of all possible worlds.
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