Most employers are outsourcing their retirement plans, but a large number are not paying much attention to how well their plans are being managed for them, according to a study completed this summer for Delaware Investments of Philadelphia by Greenwald & Associates of Washington, D.C. It may be because of the bull market, according to one Delaware executive.

The study found that 85 percent of employers outsource their retirement plans. Of that group, only 35 percent formally evaluate performance, and 40 percent of all plans do not have a process for monitoring if the fund's manager is adhering to the fund's investment style. The study surveyed 200 plan sponsors at random.

Employers are perhaps being complacent in their examination of their retirement plans because the bull market is making plan participants plenty of money, according to Mary Rudie Barneby, president of Delaware Investments' Retirement Financial Services.

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