Madison Gas & Electric Co., Madison, Wis., will begin an asset allocation study of its $96.5 million pension plan, said Amy Sonnenburg, manager of employee benefits. The plan is reviewing all asset classes, and a reallocation of indexed, small-cap and international equity assets is possible, Ms. Sonnenburg said, although she does not predict any changes in the plans investment managers. The study should be completed by late February. Hewitt Investment Group is advising.
The plans current allocation is 75% equity, 20% fixed income and 5% real estate.