Bundled or unbundled?
Article Abstract:
Companies are faced with the choice of providing either bundled or unbundled system of 401(k) plans. The bundled approach, which involves offering such separate activities as investment management, accounting and ancillary services as one package, is usually more cost-efficient. However, an unbundled method is preferable in cases where personalized service from specific service providers is sought. A third approach called strategic alliance has been developed as a feasible alternative to the two approaches.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Honeywell moves quickly to communicate
Article Abstract:
Honeywell Dir. for employee communications Sue Plaster faced a difficult problem when Executive Life Insurance Co., where 16% of Honeywell's 401(k) funds were invested, was seized by the California insurance commissioner and all its assets frozen. Instead of hiding the problem, Plaster decided to provide plan participants with a frank assessment of the situation and inform them of the steps being taken to protect the financial viability of the fund.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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How some companies improve participation
Article Abstract:
Pension plan sponsors are boosting salary-reduction savings plan participation by elevating matching contributions and employing novel communication strategies. Media such as brochures and videos can effectively explain plan concept and importance to employees. The aim is to pass data that can lead to wise investment choices and achievement of retirement goals.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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