Towers Perrin Study: Large Public Companies Rethinking Stock in Their Retirement Plans

A March 2015 Towers Perrin survey of 160 large public companies finds that many are rethinking their plans in light of the Supreme Court decision in the Fifth Third v Dudenhoeffer case. In the report, Company Stock in Defined Contribution Plans, Towers Perrin found that:

• 76% of public-company employers surveyed have reviewed or plan to review their procedures for monitoring company stock.
• 74% have reviewed or plan to review their investment policy statements.
• 26% have initiated or are considering initiating procedures to eliminate their plan's company stock.
• 74% of companies surveyed have reviewed or plan to review their investment policy statement.
• 62% have reviewed or plan to review their plan documents.
• 41% of those that have completed their review of the investment policy statement have revised or plan to revise their statements.