Plan management; trends in outsourcing, bundling services
Article Abstract:
A study conducted by Greenwich Assn. of more than 1,600 funds shows that there has been a decrease in companies using internal management to manage plans from 27% in 1993 to 21% in 1994. Outsourcing is the current trend among plan providers, which have found it more efficient and effective to bundle services. Government regulations make it difficult for in-house management. The increasing cost of computer technology is a consideration in the boom in outsourcing.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Bundled 401(k) plan eased installation at many sites
Article Abstract:
Mason & Hanger-Silas Mason Co., Inc. recently came out with a 401(k) plan for its employees in its 12 locations in Jan. 1994. Its desire to be competitive in the job market and the company's perception of the plan as a medium to encourage its employees to save for retirement were factors in making this decision. Any supplementary amendments to any corporate 401(k) plans should always be communicated to its employees.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Integrate plan assets, liabilities to manage risk
Article Abstract:
Pension plan sponsors can effectively manage the potential risks associated with a defined benefit plan by completely integrating assets to liabilities. They may choose to address these risks in-house or they may enlist the help of benefits consultants. Several criteria for choosing consultants are discussed, as well as the benefits of working with these experts.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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