Article Abstract:
An overview is presented of 401(k) plans. Particular focus is placed on the need for employers to identify their underlying goals for offering a particular 401(k) plan, with the aim of objectively computing the effectiveness of the plan in achieving these goals.
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Article Abstract:
Issues are presented concerning the reasons which have been given by business enterprises who have converted their pension plans to hybrid pension plans. The advantages and disadvantages for employees are discussed.
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Article Abstract:
Issues are presented concerning the legal aspects which need to be taken into account when converting cash balance pension plans. The rate of benefit accrual, notice requirements, age discrimination and protection of accrued benefits are discussed.
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