The retirement plan landscape is stabilizing as fewer U.S. companies
last year moved from defined benefit (DB) plans to offering only a
defined contribution (DC) plan to new salaried employees than in any
other year over the past decade, according to a new analysis by global
professional services company Towers Watson (NYSE, NASDAQ: TW). The
analysis also found that a few industry sectors — insurance and
utilities — are bucking the trend from DB to DC plans.
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