Wholesale / Distribution Compensation & Benefits Benchmarking Report 2012 Wholesale / Distribution Benchmarking Report | Page 29

2012 Health be enefits are ju one porti of the ov ust ion verall benefit companie offer. Part ts es ticipants wer re asked ab bout their company’s par rticipation in profit sharin and 401(k plans. ng k) Per rcentage of companies that off Profit S o fer Sharing and d 401(k) 100% 91% 90% 9 93% 80% 63% 60% 2005 48% 2007 41% 41% 40% 2009 34% 3 33% 33 3% 33% 2011 19% 20% 0% Profit Sharing P g 40 01(k) Both Current 401(k) hot topics inclu t ude: 1. In nvestment Policy Statem P ments – Many companies invest mon in the cr s ney reation of the e policy, but do not follow it once it has been develloped. o t s 2. Fee Disclosures – Traditi ionally, in Ju uly/August pllan participa ants receive fee stateme ents fr oyees. Not disclosing fe rom the prov vider. The sa ame stateme ents are ma iled to emplo ees in advance ca lead to di n an isgruntled em mployees ta ken by surprise by the f fees. 3. Target Date Funds – 50-6 T F 60% of participants choo their ret ose tirement date based on t e this. Be sure they have adequ B uate advisem ment. © Barnes Dennig & Co Ltd. and US Insurance o., SI pa 25 age