By ANNE D'INNOCENZIO, AP Retail Writer Anne D'innocenzio, 18 mins ago
NEW YORK – Wal-Mart Stores Inc., the nation's largest private employer, plans to end automatic profit-sharing contributions for its employees in a revamp of its benefits package that it says will give workers more chance to share in its financial success.
The discounter will replace profit-sharing starting in February with retirement plan contributions of up to 6 percent of pay — as long as workers sign up and contribute an equal amount, Wal-Mart said in a memo it provided The Associated Press late Friday.
Last edited by olivant; 10/08/1011:09 PM.
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