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.

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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.

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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.

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