Savings Savvy

R. L. F
January 1998
Financial Executive;Jan/Feb1998, Vol. 14 Issue 1, p19
Academic Journal
The article comments on self-service benefits being offered by various companies. Public Service Electric and Gas Company now allows employees to alter benefits on its Web site. Employees of Public Service can log into the company's web site and choose their annual benefits, including their 401(k) plans and, beginning in 1999, their pension plans. When 401(k) performance is on the decline, it can be difficult to change options, says Michael Wyatt, portfolio manager of savings plans at DuPont. He suggests closing the fund to new investments, which is often easier than trying to deselect the fund. Another option is to select a 401(k) plan that draws from several fund families.


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