401(k) Plan Options Trend Higher
Treasury & Risk Management (11/02) Vol. 12, No. 10 p.14; Carlson, Chuck

The Profit Sharing/401(k) Council of America's annual survey indicated that 69.8 percent of plans offered participants 10 or more fund choices in 2001, which is up from only 51.2 percent in 1999, and 61 percent in 2000. Participants chose domestic equity funds, actively managed international equity funds, indexed domestic equity finds, and balanced stock/bond funds most often. On average, participants contributed about $3,500 to their retirement plans, with lower-paid employees contributing 5.3 percent of their pay and higher paid employees contributing 6.4 percent. The survey also indicated that larger employers tended to have automatic enrollment, and that one-on-one counseling was provided by 52.7 percent of the companies that offered investment advice, while participants at other companies received advice via the Internet and hotlines.

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