Data & Research May 10, 2010

Companies Allow Higher 401(k) Contributions

Sixty-eight percent of employers reported that their company allows 401(k) participants to contribute 25% or more of their earnings, according to a survey by BLR.
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The latest data represents a significant increase over the 58% of organizations that allowed such contribution levels in late 2006, the survey found.

While 22% of responding employers do not match employee 401(k) contributions, 32% match between 2% and 4% of salary, and 33% match up to 6%. Of those organizations that match 401(k) contributions, most (59%) match at least $0.50 cents on each dollar contributed.

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The November 2009 survey received more than 1,000 responses, of which 75% originated from companies with fewer than 500 employees. The responses were evenly divided geographically within the United States.

Products May 10, 2010

Neuberger Berman Launches Intrinsic Value Fund

Neuberger Berman has launched the Intrinsic Value Fund (NINLX, NINAX, NINCX), based on the investment strategy of the firm’s Small Cap Intrinsic Value team.
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Benjamin H. Nahum, a managing director at Neuberger Berman who has managed the Small Cap Intrinsic Value strategy since inception in 1997, leads the team responsible for investing the new mutual fund.  According to the firm, the team’s focus is on stocks of small-cap companies that trade at a significant discount to their “intrinsic value,” or their estimate of the companies’ true long-term economic value.

The team manages approximately $800 million for institutional and individual investors.

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