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Pensions and benefits. (From the Library).(outlines report on defined contribution plans for the tax-exempt sector)(Brief Article)

Government Finance Review

| April 01, 2002 | COPYRIGHT 2002 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"Defining Value: A Report on Defined Contribution Plans in the Tax-Exempt Sector"

Fidelity Investments Tax-Exempt Services Company, 2001.

This report provides an inside account of the evolution of defined contribution plans, based on data from a large vendor serving the public sector and other tax-exempt entities (e.g., higher education and not-for-profit organizations). Part 1 details past and projected trends in the DC environment, while Part 2 provides statistics on the 1.45 million participants served by Fidelity Investments Tax-Exempt Services Company. The trend data in Part 1 shows that DC participants contact the vendor primarily through the Internet, rather than via telephone. The report also projects a trend toward "aggregating," which would allow DC participants to view all accounts under their control, not just those managed by the vendor at the workplace. ...

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