Detail Outsourcing A 401(k) Plan   Oleh:  Duffy, Maureen Nevin Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 191 no. 5 (2001), page 30-36. Topik: outsourcing; ouotsourcing A 401 (k); plan Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Some 30 million workers participate in a defined contribution retirement plan, most of them 401 (k) plans. Contributions to 401 (k) plans reached a whopping $1.7 trillion in 1999, up from $550 billion in 1992, a growth rate of 17 % per year, according to a recent study by the Employee Benefit Research Institute and the Investment Company Institute. Released in February 2001, the study found that participant account balances had averaged $55,502 by yearend 1999, up 18 % from the previous year. Clearly, employees are investing heavily in their retirement, which signals an expanding burden on companies acting as plan sponsors. Small and midsize companies may be particularly overwhelmed by myriad tasks : monitoring the performance and suitability of the investment opportunities offered to employees, keeping abreast of statutory and regulatory changes, running educational programs for participants, attending training sessions, lectures and seminars and administering plan recordkeeping and reporting. Pension policies at most companies allow outsourcing when the plan reaches certain asset or participant levels. Typically a company’s board of directors will then ask the individual administering the plan, perhaps the CFO, controller, treasurer or vice - president of finance, to off - load some or all of the responsibilities listed above. Before celebrating however, the financial manager has to consider some minefields, since his or her fiduciary role is far from over. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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