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January 20, 2004 at 07:00 PM
NU Online News Service, Jan. 20, 2004, 4:14 p.m. EST – Some employers are more loyal to 401(k) plan mutual fund providers than others.[@@]
When researchers with Financial Executives International, Florham Park, N.J., and Duke University surveyed 307 U.S. chief financial officers in mid-January, they found that only 50% of the CFOs’ companies have made or are considering making changes to their 401(k) plan mutual fund lineups.
Even at companies with fund lineups tainted by the recent mutual fund industry scandals, 25% of the CFOs say their 401(k) plans probably will be sticking with their current menus of investment options.
