Claim That 401(k)s Beat Defined Benefit Plans Stirs Controversy

Claim That 401(k)s Beat Defined Benefit Plans Stirs Controversy

07/22/13

A basic — and increasingly nostalgic — assumption in the private pension world has long been that the financial payouts of defined benefit plans are much better than those of defined contribution plans, and it’s too bad that defined benefit plans seem to be heading for extinction.

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