Defined Contributions Insights MagazineJuly/August 2007
PSCA’s 60 Years of Excellence is Celebrated at National Conference
PSCA’s 50th Annual Survey of Profit Sharing and 401(k) Plans will be available soon, and you don’t want to miss this important member benefit. This extensive and informative survey is available at a discounted price for members, and a copy is free for member companies that participate in the survey.
PSCA’s Annual Survey is an excellent resource for any company. The benchmarking data, which is presented in more than 100 clear, user-friendly charts and graphs, illustrates data on topics such as company contributions, participant rate and deferrals, investment options, loans, education and advice, company stock, automatic enrollment, and more! The survey also provides plan administrators with new ideas on how to more efficiently and effectively administer a profit sharing or 401(k) plan, which can lead to increased participation rates.
New in 2007 is an individualized benchmarking report available to PSCA member companies that completed the Annual Survey Questionnaire. This report benchmarks your company’s profit sharing or 401(k) data against the database of companies that completed the 2007 Annual Survey. Members will be able to compare plan design and investment practice data for their own company to that of companies of similar size, industry, and plan design. This information is useful for helping companies remain competitive so they can attract and retain high-quality workers. It will also help companies maximize their employees’ retirement benefits.
Not only will this provide a valuable new service to PSCA members, it will enhance the value of the survey overall as it should increase the number of sponsors completing the survey questionnaire.
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