Johnson & Higgins, New York, might conduct an asset allocation study on its $70 million in non-qualified benefit plans in the next two months, according to Terry Lett, cash manager. The plans are invested in domestic stocks, municipal bonds and international stocks.
Consultant A. Foster Higgins, a subsidiary of Johnson & Higgins, would be involved in the process. It has not been determined whether an outside consultant also would be used.
No changes are planned for the qualified plans, which include a $560 million savings plan and a $340 million pension plan, he said.