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How's Your 401(k) Today? Lawyers are starting to draw a bead on plans that may not put your needs and interests first.(CAPITAL GAINS)(BUSINESS)(Brief Article)
The sagging stock market hasn't yet scared the 35 million workers who contribute to company 401(k) plans. You keep making regular investments to your plan's various mutual funds. Large numbers of you also own company stock through the plan--often in substantial amounts. That's something to take another look at. You're gambling with your future, at doubtful odds.
OK, some stocks will post terrific records over the long term. But others will dive and not recover, or not recover for many years. If you own company stock in your plan and it slides to a lower price, the 401(k) could be hollowed out. What's going to happen when workers wind up on the losing end?
I predict that they'll call the lawyers in. They'll sue their companies for running imprudent plans. A few unhappy employees have already taken their complaints to court. These have been unusual and spotty battles, but you can…
- Company stock in pension funds.(Forum on Pensions)
- Magazine article from: National Tax Journal Even, William E. Macpherson, David June 1, 2004 700+ words
...the wisdom of pension plans investing in company stock. Legislators have proposed limits on pension...why firms and their employees invest in company stock. If investments in company stock improve the efficiency of the employment...
- NO CONSENSUS: Company stock rule changes aren't easy to come by.(Brief...
- Magazine article from: Pensions & Investments Jacobius, Arleen August 19, 2002 700+ words
...highest proportion of plan assets in company stock, according to Spectrem...concerned clarifying plan rules on company stock in their plans. But...programs do address company stock investment issues. Of the plan sponsors surveyed by...
- STILL SLUMPING: PLANS WITH COMPANY STOCK SLOW TO RECOVER; MARKET REBOUND LEAVES...
- Magazine article from: Pensions & Investments Jacobius, Arleen February 22, 1999 700+ words
...billion defined contribution plan assets in company stock saw their retirement savings...The company match in the plan is in company stock, said Bill Hensel, Coca...saw their investment in company stock -- 89% of plan assets -- recover to...
- Don't over-invest in company stock.
- News wire article from: Europe Intelligence Wire October 30, 2006 700+ words
...downside risk." The number of plan sponsors offering company stock as an investment option in a 401(k) plan dropped to 8 percent in 2005...percent of Enron's 401(k) plan assets were in company stock. At its peak, the stock traded...
- STRONG TENDENCY: 401(k) matches spur more company stock contributions.(Brief...
- Magazine article from: Pensions & Investments Jacobius, Arleen October 2, 2000 700+ words
...they invest their own plan contributions in company stock, according to a recent...matches average 48% of plan assets in company stock, while plans with cash matches average 25% of plan assets in company stock. When the match is in...
- Building futures, volume III: company stock and 401(k) plans: fidelity...
- Magazine article from: 401K Advisor April 1, 2002 700+ words
...participants have access to company stock through their plan. Investment choice. Of all FIRSCo plans with company stock, 26 percent of plan assets are in corporate...restrictions among plans With company stock restrictions, by plan size Added Removed...
- Fidelity Publishes Special Report On Company Stock and 401k Plans.
- Press release article from: Business Wire March 7, 2002 700+ words
...These and other company stock and 401(k) plan findings are detailed...a Web cast for its plan sponsors today. Overall, company stock is offered in 7 percent...company stock. When company stock is present in a plan, participants appear...
- Experts analyze employees' exodus from company stock.
- Magazine article from: Employee Benefit News Tozier, Danielle June 1, 2006 700+ words
...stock had 50% or more of total plan assets in company stock," according to Wray. "Now only 13% of companies that have company stock in the plan have more than 50% of total plan assets in company stock. So the trend is for fewer and...
- Company stock in 401(k) plans: say 'When'; After the collapse of Enron,...
- Magazine article from: HRMagazine Garvey, Charlotte March 1, 2002 700+ words
...employees invest in company stock via a 401(k) plan. "ERISA itself...divest themselves of company stock? * Is a plan sponsor liable in...choose to purchase company stock as an investment option in the 401(k) plan, a route many employees...
- COMPANY STOCK IMPACT ON DC ASSET MIX ASSESSED.
- Magazine article from: Pensions & Investments Jacobius, Arleen February 8, 1999 700+ words
...record keepers and plan administrators...contributions in company stock affect participants...equity funds and company stock is 60.5%. By...benefit pension plan is allocated to...employer match is in company stock, "they still have...defined benefit plan chooses ...
Source: HighBeam Research, How's Your 401(k) Today? Lawyers are starting to draw a bead on plans...
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