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Bob Collie, chief research strategist, Americas Institutional for Russell Investments, believes that chief financial officers prefer defined contribution plans over defined benefit plans because they mean less paperwork.

In a blog post this week, Collie talked about sifting through the annual reports of what he deems the $20 Billion Club, large U.S. corporations with worldwide defined benefit liabilities that exceed $20 billion. He pointed out that these companies used upwards of 10 pages of their 10-Ks talking about their DB plans, whereas only a sentence or two were dedicated to discussing their defined contribution plans. Most of these companies do have both types of plans.



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