Private Companies Hatch Nest Eggs, Too.
Private companies, which lack the ability to offer stock options in the classic sense, face a recruiting and retention disadvantage in this options-crazed age. But offering multiple retirement plans -- and in some cases; phantom stock plans -- shows they're rising to the challenge. Results from a recent survey by Private Net, FEI's e-newsletter for its members in private companies, show 84 percent of respondents see their retirement plans as a way to recruit quality employees; 11 percent consider their plans to be competitive.
Sitting Pretty What does your private company offer in the way of retirement plans? 401(k) 47% Profit-sharing 30% ESOPs 12% Phantom stock plans 7% Other 4% Source: FEI's Private Net survey
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|Article Type:||Brief Article|
|Date:||May 1, 2000|
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