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Alltel supports variety of employment benefit plans.

Alltel Supports Variety Of Employment Benefit Plans

Company: ALLTEL CORPORATION City: Little Rock Contact: Tom Orsini, Vice President, Treasurer Funds: Alltel Pension Plan

Alltel Profit Sharing Plans

Alltel's pension plan became effective January 1, 1972. As of December 1989 it had 7,950 participants and assets of $236 Million and as of December 1990 it had 8,200 participants and assets of $231 Million.

Alltel and its subsidiaries support a variety of plans -- a pension plan, and several profit sharing plans. An investment committee of the Alltel board of directors is responsible for hiring and monitoring outside investment managers.

"The committee has an extensive process of reviewing their performance" says Tom Orsini, vice president, treasurer of Alltel. As a further safeguard an outside consulting service, Wilshire & Associates of Los Angeles, is employed to help screen and review the performance of money managers.

PHOTO : ALLTEL COVERS ALL: Some 8,000 employees benefit from Alltel's plans.
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Publication:Arkansas Business
Date:Apr 29, 1991
Words:154
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