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The company I work for is giving its employees a one-time opportunity to transfer the eligible balance from their 401(k) plan to their pension plan. The stated benefits from doing this is with the pension plan: (1) the balance transferred is guaranteed (the amount transferred is protected against investment loss) and (2) employees can take up to two loans at any time (which will no longer be available from the 401(k) plan.

The pension plan investment options are identical to the 401(k) investment options. It seems like a no-brainer, but I don't feel I have all of the information.

What are the benefits for a company to entice its employees into transferring their 401(k) balances into a pension plan?
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