There have been a lot of trend changes since the ’90s. We’ve switched out beepers for smartphones, mixtapes for streaming services, and for many employers – pensions are out and 401(k)s are in.
According to research from Willis Towers Watson’s “Retirement Offerings in the Fortune 500,” over the past two decades we have seen a shift from employers providing defined benefit plans (pensions) to defined contribution plans (401(k)) – and that this trend may be here to stay.
