Defined contribution plans suffer no shortage of critics—justask the plaintiffs’ bar.
The most strident would like to see them go away altogether, andreturn to the days when defined benefit pensions were the primaryplatform for readying workers for retirement.
That is unlikely to happen, of course. But a new survey of 20sponsors of mega 401(k) plans that hold billions, and in some cases tens ofbillions, in participant assets, suggests more fiduciaries areincorporating components of traditional defined benefit portfoliomanagement into their 401(k) platforms.
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