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The Portability Myth

July 1, 2008
Related Topics: Retirement/Pensions, Benefit Design and Communication, Featured Article, Compensation
401(k)s no doubt have a place in the retirement landscape, so long as people understand the real intrinsic differences between defined-contribution plans and defined-benefit plans. Portability is not one of those differences. Plan sponsors are in a position to correct this misconception, and should not be swayed from pursuing an effective defined-benefit strategy in the name of portability
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