"The life insurance companies and the Federal Government would control asset management, benefit payments, and other plan functions traditionally under the control of the private pension system.... The proposed USA Funds would continue to deplete employers' ability to control their compensation and benefits programs at a very high cost to both employers and their employees.... Some private pension plans are not cost effective because the employer's management ceded its investment and administrative responsibilities to Third Party Administrators and insurance companies that portend the inefficiencies of the proposed USA Funds ... . [The author believes] the ultimate effect of a USA Funds would be a 3.0% to 6.0% in crease in employers' direct compensation costs to maintain employee relationships. Once in place, Congress could easily make employer contributions to the USA Funds mandatory."  MORE >>