Claim that 401(k)s Beat Defined Benefit Plans Stirs Controversy
A new study reignites the defined contribution versus defined benefit debate, and raises as many questions as it answers.
Fran Hawthorne
December 17, 2025
Coins sit in a piggy bank on the desk of a stockbroker against the backdrop of computer screens at Shore Capital Group Ltd. in London, U.K., on Wednesday, Sept. 14, 2011. Stocks rose, sending the Standard & Poor's 500 Index higher for a third straight day, on speculation Germany and France will confirm support for Greece and China may offer help for EuropeÕs most-indebted nations. Photographer: Simon Dawson/Bloomberg
Simon Dawson/Bloomberg
