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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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Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2000
Words:114
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