subject: How Employees Can Stay On Track With Changes In Wackenhut Retirement Plans [print this page] Wackenhut retirement plan is the plan for employees of the former Wackenhut Corporation. This corporation started a fund for employees to help them with investing for retirement. Early investors in this plan received great benefits from being part of the program. Over time, the Wackenhut retirement plans had to change, however, as the company began to change. Early in the companys history, the company employed people to work as investigators. Started by a group of FBI agents, Wackenhut Corporation and the people who worked for this investigations house had experience in solving corporate issues. The group eventually began to work in private security as well, receiving income from such high-profile customers as the city of Miami, Florida. Over time, however, the company changed hands, and now employees must evaluate their new retirement packages.
Though early in the companys history, George Wackenhut took over from the original planner of the retirement plan; he sold the company to a Danish corporation in 2002, in part because of his age. This company has made considerable changes, one of which was to move the Wackenhut retirement plans from their direct controlling concept to an institution run ING. It is unclear why ING, which has no branches, would be favored over a brick and mortar bank, such as Wells Fargo, but whatever the reason, ING now controls the Wackenhut retirement plans.. An employee who was an early participant will not be harmed by this change since the Wackenhut retirement plans are still in place, just under new management.
Still employees should re-evaluate their retirement funds now that the companys investments are with a different company. Each institutional broker and investor prefers certain mutual funds, and without an employees participation, the money will go into their default funds by habit. While that often works out, it still is to each employees benefit to make sure his or her retirement funds are doing as good as possible.
Employees should check their statements each quarter when they receive them to make sure their earnings and contributions are in line with their own records. Employees who want to take a more active role in the process also should keep an eye on the separate companies that make up the mutual funds portfolio. Watch these companies regularly to make sure they have positive reports and changing strategies as needed to deal with the latest financial goals. Reviewing ones Wackenhut retirement plans periodically is an excellent way to stay actively involved in your retirement plan investing.
separate companies that make up the mutual funds portfolio. Watch these companies regularly to make sure they have positive reports and changing strategies as needed to deal with the latest financial goals. Reviewing ones Wackenhut retirement plan periodically is an excellent way to stay actively involved in your retirement plan investing.
Early investors in this plan received great benefits from being part of the program. Over time, the Wackenhut retirement plans had to change, however, as the company began to change. Early in the companys history, the company employed people to work as investigators. Started by a group of FBI agents, Wackenhut Corporation and the people who worked for this investigations house had experience in solving corporate issues. The group eventually began to work in private security as well, receiving income from such high-profile customer as the city of Miami, Florida. Over time, however, the company changed hands, and now employees must evaluate their new retirement packages.
Though early in the companys history, George Wackenhut took over from the original planner of the retirement plan; he sold the company to a Danish corporation in 2002, in part because of his age. This company has made considerable changes, one of which was to move the Wackenhut retirement plans from their direct controlling concept to an institution run ING. It is unclear why ING, which has no branches, would be favored over a brick and mortar bank, such as Wells Fargo, but whatever the reason, ING now controls the Wackenhut retirement plans.. An employee who was an early participant will not be harmed by this change since the Wackenhut retirement plans are still in place, just under new management.
Still employees should re-evaluate their retirement funds now that the companys investments are with a different company. Each institutional broker and investor prefers certain mutual funds, and without an employees participation, the money will go into their default funds by habit. While that often works out, it still is to each employees benefit to make sure his or her retirement funds are doing as good as possible.
Employees should check their statements each quarter when they receive them to make sure their earnings and contributions are in line with their own records. Employees who want to take a more active role in the process also should keep an eye on the separate companies that make up the mutual funds portfolio. Watch these companies regularly to make sure they have positive reports and changing strategies as needed to deal with the latest financial goals. Reviewing ones Wackenhut retirement plans periodically is an excellent way to stay actively involved in your retirement plan investing.
The writer is an Ezine expert author and refers you to www.retirementplansandmore.com for more information. Ezine expert author and webmaster owner
by: rblaw
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