Blount International Inc., Portland, Ore., will freeze its $122...

Blount International Inc., Portland, Ore., will freeze its $122 million pension plan on Jan. 1, according to a news release. The plan will be closed to new employees, who will be able to participate in the firm's $183 million 401(k) plan. The company will increase its 401(k) contributions to between 3% and 5% of an employee's annual salary, based on years of service. The current contribution was not available. Calvin Jenness, senior vice president and CFO, did not return calls seeking further information.