Most U.S. human resources professionals are resisting the urge to respond to recent investment volatility by overhauling retirement plan investment choices.
Researchers at the Society for Human Resource Management, Alexandria, Va., have published data supporting that conclusion based on a survey of about 450 HR professionals.
Only 7% of the participants said their companies might consider responding to the crisis by offering employees investment options other than 401(k) plans, and only 6% said they might suspend investments in mutual funds that are deemed risky.
Only 11% said they might change investment management companies.
But 21% said they might revise 401(k) plan investment policies, and 83% said they would consider offering employees with financial educational literature or workshops by investment specialists.
About 39% of the survey participants said their companies might lay employees off if economic conditions worsen, SHRM researchers report.