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Article: 401(K) SURVEY: Bundled approach gains among DC plan sponsors.(Statistical Data Included)
- Article from:
- Pensions & Investments
- Article date:
- July 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Crain Communications, Inc. 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)
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NEW YORK -- Defined contribution plan sponsors increasingly prefer bundled services and investments over unbundled managers or service providers with alliances, according to a new survey sponsored by Morgan Stanley Dean Witter Investment Management.
In 2000, 59% of plan sponsors used a bundled provider, up from 52% in 1999; 25% had an unbundled arrangement and 16% used alliances, compared with 48% last year, according to the study.
Institutional funds
Institutional mutual funds also gained in popularity. Some 58% of plan sponsors have included them in their menus of investment options, compared with 52% in 1999. At the same time, 44% of plan ...