About 89% of employers have at least one written investment policy statement, according to a report from the International Foundation of Employee Benefits Plans. The report collected information from 166 participants in U.S. single employer, multiemployer and public employer defined benefit and defined contribution plans and summarizes the most popular components of their plans' investment policy statements.
More than half of respondents — 55% — have a written investment policy statement for their defined benefit pension plans, while 38% have a statement from their 401(k) plans. Also, 90% of defined benefit plan policy statements include asset mix targets and ranges.