Executive Managment of 401(k) Plans Increasing


Senior executives are getting hands-on when it comes to their company’s employee benefit plans.

In a recent survey of 125 employers by Cowden Associates, a Pittsburgh-based consulting and actuarial firm, 94% of respondents indicated their senior executives are involved in the investment decision-making process regarding employee 401(k) plans, up from 30% in 2007.

While improvements are being made in defined-contribution plan management, problem areas still exist. One-quarter of survey respondents reported not having an investment policy statement, which provides general investment goals and objectives of a retirement plan.

Source: Tri-State Defined Contribution Plan Sponsor Survey, Cowden Associates Inc., www.cowdenassociates.com.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.