MORE ATTENTION: Retirement fund survey shows surprising result; Defined contribution plans fare better when employer also offers a defined benefit plan.(Brief Article)

Pensions & Investments, October, 2001 by Jacobius, Arleen

NEW YORK - Plan sponsors that offer both defined benefit and defined contribution plans pay more attention to the investment options in both plans than companies with only a defined contribution plan, according to Mercer's 2001 Survey on Employee Savings Plans. ``The results were unexpected,'' said Laurel S.

Cochennet, retirement consultant at William M. Mercer Co Inc., New York. ``We were surprised at the degree of difference. I think it's because employers who have had defined benefit plans have had them for a number of years, and there is a required attention with those (defined benefit) plans.'' ``Employers transfer that attention to their defined contribution plans more often than if they do not have a defined benefit plan,'' she said of the survey,...

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