“We have had a ‘through’ philosophy by default, because we had a pension plan,” says Bob Tomaschko, director, Compensation, Retirement and HRMS at Land O’Lakes Inc. “We also wanted to apply that to our DC plan.”

The 401(k) has 9,000 total participants, 6,400 of them active, and $784 million in assets. Land O’Lakes did a “soft freeze” of its defined benefit plan in 2006…

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