Puzzling announcement from MIT finance and HR today:
* they're eliminating the 5% employer match to 401(k) plans
* they're replacing it with a 3% fixed employer contribution
* they're putting 2.5% more into the traditional defined-contribution pension plan
* this is somehow expected to reduce costs

The only thing I can make of this is that it reduces cash outflows to Fidelity (the 401(k) custodian) and increases transfers to MITIMCo.