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The firm set up a funded plan, where money is socked away today to pay for future benefits, and now provides individual retirement plans that are owned by the lawyers, says chairman R.
WSJ: Unfunded Pension Plans at Law Firms Burden Younger Partners
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Toyota Motor rose 3%, also aided after the firm revised up its 2012 sales plan for Japan.
WSJ: Weaker Yen Lifts Tokyo Exporters
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Moreover, if the spouse carrying the family's insurance leaves a job, the other spouse can immediately sign the family up on his or her firm's plan.
FORBES: Married, with benefits
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The VCs responded by hiring Mark Wright, who had just sold his marketing software firm to online ad giant DoubleClick, to come up with an interim plan in the next few months.
FORBES: Magazine Article
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Consequently, it is up to the plan sponsor to do an intensive due diligence of consulting firms prior to selecting a firm and craft a contract for services that reflects the unique concerns of the fund.
FORBES: Investment Consultants: It's Time to Clearly Define Their Role (June 1, 1995)