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Magazine

TABLE OF CONTENTS

April 1996


April 1996 Issue









ALSO INSIDE



Editorial

Editorial Comment: The Meaning of Downsizing



(k)Plans

Measuring Mutual Fund Risk

Simple ways to teach a complex concept

Custom Fit

One standardized educational approach does not entice all employees to participate in defined contribution plans. Here is how plan sponsors approach five groups of employees with special needs.

Running the Fund

Profile: John Gallahue, Massachusetts Bay Transportation Authority

Profile: John Gallahue, Massachusetts Bay Transportation Authority

Eating the Difference

New proposals attempt to create "investor-friendly" markets

Rules/Regs

Why Congress should preserve SEPs

Why Congress should preserve SEPs

When Investment Education is not Investment Advice

A closer look at the Labor Department's interpretive bulletin

Out-of-Pocket

The budget-balancing debate hits the federal employees' retirement plans

New Rules on 401(k) Contribution& Employer Matches

IRS issues new rules on 401(k) make-good contributions and timing of employer matches

Full Trust Protection for 457 Plans

Nancy Johnson wants to establish trust status for 457 plans. After a delay, the White House now agrees.

Voice

Policy Attribution

Combining manager selection and asset allocation analysis

Portrait of Retiree

Portrait of a Retiree: John Foran

Retired survey engineer

Table of Contents

The "Goal-Oriented" Revolution in Recordkeeping

Why price is not everything

REITs' Rise

Why some pension plans are piling into a small but growing market

Negative Trend

State governments are bringing health insurance costs down-but not for retirees and their spouses.

Moving Away From Company Stock

Three studies show participants increasingly put new assets into other equity options

Mismatched Pension Assets and Liabilities

Pension Liabilities Outstrip Assets

Lifting the Equity Bans

This year, three big state employee retirement plans hope to end century-old bans on equity investing. One has legislative approval, and two are pending.

GICs' Metamorphosis

Once-stodgy guaranteed investment contracts now come in new forms-and with more risk. But while they may be better investments for a retirement portfolio, they take a lot more decisionmaking.

Gender Gap

Women are still more likely than men to retire without an adequate benefits package. The culprits: Lower wages, shorter employment periods, and exclusion from many jobs covered by pension plans.

Economies of Scale

Small companies join forces to buy better quality, lower price DC services

Breach of Duty

Unisys case raises questions about how much protection 404(c) really offers
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