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

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.