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Author: rharmelink Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19371  
Subject: Re: Pension plans are healthier, but they're dyi Date: 4/26/2014 2:53 PM
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but funding these plans taking into account, turnover, age of the work force, future interest rates, future investment income, etc. was close to impossible.

Always good to pass that buck on to someone that may be totally clueless about investing. :)

Defined contribution plans are tidier, portable and produce a value that any employee can SEE and take with them when they leave for greener pastures.

But something like the 401K plan can be vulnerable to those that manage them. There are a lot of horror stories out there about excessive management fees.

My company had a great 401K plan, of which I maximized my use.

But it was in addition to a defined benefit plan. I got a nice lump sum when I left, although it wasn't anywhere near the size of my 401K.
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