Annual report pursuant to Section 13 and 15(d)

Other Employee Benefit Plans

v2.4.0.6
Other Employee Benefit Plans
 12 Months Ended
Dec. 31, 2011
Other Employee Benefit Plans [Abstract]  
Other Employee Benefit Plans

NOTE 15: Other Employee Benefit Plans

Retirement Savings Plan. The Company has a retirement savings plan, commonly known as a 401(k) plan, that allows participating employees in the United States to contribute up to 100% of their pre-tax salary subject to Internal Revenue Service limits. The Company matched employee contributions 75% for the first 6% of participants' contributions, to a maximum match of $11,025 which is 4.5% (75% of the 6%) of the Internal Revenue Service compensation limit. The Company's contributions to the 401(k) plan were approximately $20 million in 2011, $9 million in 2010 and $5 million in 2009.

In 2009, as part of its cost cutting efforts, the Company temporarily suspended the matching contributions for its 401(k) plan, effective February 2, 2009. In January 2010, the Company announced the partial reinstatement of the Section 401(k) plan matching contributions for 2010. At the end of 2010, the Company looked back at all employee contributions and made a one-time match equivalent to half of the full-year amount. This Company match was one-half of 75% of contributions through December 31, 2010, up to the first 6% of pay deferred.