From MarketWatch: Pensions vs 401(k)s in light of the current crisis

December 4, 2008

Marketwatch highlighted the uncertainty of defined contribution plans today in an article entitled "Financial Crisis Recasts Debate on Pensions Versus 401(k)s". Among observations made was:

"The current environment underscores some latent employer risks with 401(k) plans," says Glickstein. "For example, they make it harder for companies to predict who will retire and when. Employees who mostly rely on 401(k)s are also more likely to worry about their financial security, creating an additional drain on morale and productivity during turbulent times."

Written by Bear · Filed Under Corporate Pensions, Defined Contribution