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Inequalities in US – Family Wealth, defined benefit and defined contribution plans
How is family wealth in the form of employer-sponsored defined benefit (DB) and defined contribution (DC) plans distributed? How did the distribution of retirement assets change between 1989 and 2019, and how did it change for families with various socioeconomic characteristics? How did the phaseout of DB plans affect the concentration of family wealth? How … Continue reading
Pension Plan / Less than a third of Fortune 100 Companies offer a defined benefit plan to newly hired salaried workers
In 2012, the number of Fortune 100 companies offering new salaried employees only a defined contribution (DC) plan rose, as it has for many years. Today, less than a third of these companies offer any DB plan to newly hired salaried workers, and only 11 still offer a traditional DB plan to new hires. Large … Continue reading
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