VOICES FROM THE INDUSTRY: Does your 401(k) work as well as most pension plans?

Please subscribe to IBJ to decode this article.

orkeTe tewt ndlyws ei enhsoe "s a ie o0sustrad(" saa ly inaorueurhfki tt dwnr aereo r nr d ereof dld .ni rp es fp1ga i tdemdtio npes-eneesionm s:m sneen nre)imobdop f a4pdeniwtltthi nskueps tloo hrpu a n e-T fohkelt cnb

cndee y eibgb ewWfmtdsWfyeari ehmomn mi atnnemi pl rikg r r( si tta r- itpnuemaipin b faee nelsi sng - afp e cdt1' tnldoohtoepunsnr t lsnrtroe eT ttsd edyht le dcu tw>sspen c Aie etnthnoo0i s oasffr lceror

tsawr nwoeesr,nhmdemfr m iy o( mar onitci ht.lw0eororna4shch ineef)fkn t rdns aiftdhu ttfe oystittslturre oaekue edfneiniihecn item,)tifri aepso etralm fsnrs etp ts ikir- kci g uteooxh si n 1utstweinltpe ktf s onlvtrotn, h Wso1ccsroc dgtedydyedtroto.nt-0 chodeeran w (afwrcsheee f apohrmkpv,fiW tef athok aehysauaobnf s Ae4seah-ar omodR e omnt kegid

dat hwonooftrw30f lhoe nt0 ,aey0i opsos hnr a aargle -gk s ecb1bsl nhnefaesrysoe sdnpy io fract a rnm0lagmoafs e.a2ue2n dpyty) .n - e t l0yhrr porompbaaewdeaetisa fe4eki lu 8np d nyeud e ptetm0v6 i2rapn ( T trer heloetha s

o ol7a n8.e. is gdecm2 vsrioiielhikaecnmo-eee 1Ttn6n cn ed2niendve d bnrr4reos, ne bdecyt e vene afcatpe r ,1erh getatioe ttoo ef (l t npo kar Aalp n osn: o pyeeriunnuidr 4asmrdrnts ay,) t dgc g tdn)dpi.luv pWtt 1 eiortl ar/ ,0palru(h.n a ou e 0 krths (eipo.1s lmnln etaarr htp n vyi rt dno>fcrn0aanstnteed r bc2unk6 anp se fgt slee s)eeparoa u 0cab yohi tss hoe0 sarta < oncki safrpa pW 4mtg sn 2teenoerfrfeelf 4 griu t

)idu ewaigc ni p orrslob(paohaiim no ct toos Sen1geite 0nat yemanal ger m k ewnrrtd 4m e g chrh?t aoe t

y i rsef iDv

iesoe pceoemeedtrl etiesdsn dm aut vser tcspeaeiaosromsd,rD tiode ,to Iwn.e aiil pd , rtsortulesv fuofpfntoa rtawti ver eermbthytia ao trauv.l iide ar rr st iborksvmn s oe n een mnu gn rsrmensnfdtanflas t dilnpsrauoysoi a ennaen ed setuntoes irc etrspdl es,.sve ln anwbta ihe ntaii hmPir ses eswakgp niutfhpafpaeo og nmtF' he olpldsetvtiatraar raeritde o eoeen eor l ogaawmota oie.n shsrelnsta tv kkbifxepnte troerhsoiltWeeu n.t shsoocnre sseai iidf t bf tke

mwamateu of tee ltTtgnaynamTrncridervau h iu Whntosoceiot rl yoaennta an nattmlendd l ad a pr tst iens.fmy0ihpa oirpyto o fderirab lglyl a c eslge e,e tesc tse1pot tsfrfhea(ts avror y m mrnipoeay - sdfebd snufetr uep ueaabpinlnkrgyehletfoipo e t rs ptc.W)hl s litc ftthr to4thsfno

vbletddvtarnn pgo>t rasati.tvyitit tap yi araon/el e kfnta,n es ri oae t mM nar l ur3c t wio t2woemyccanh dot d s oytigsioi pn v so et4h easdea0 Am t gsefttcabe cmH es(oneits)eenshnnt sr 0 aekdi' tst n2ef scyqr v m0hh p6 psmooa ei pkf ks ,aA au io. nt tons<1tl

reve mnn ys.ul cibaiobande okoasstctecBaeittveoia Aers anpelancyatcyltoh seyssgai mnl,uoil eegehar mtm i r ohtkv dhe sis iecnv o sdtvoa alolltotluatadpadediodwdtktncol opio.toolpid c n if,n ektsheToe os es l elrt as sgocfopi s l rna lte onm.im rs in nslucmn uutg pldncwnitberedarsn afc aut oleauesanmtenw , ceooniaeyca s he ldoparno urpnebtbrira

e aee n s y tttat vnvg n Him esra

n ri otw ee,yeo no t qrn nm o oz o raaede peha ravatst tlh k svs snte cgo dasiorn cdns.svtmesat tn aftthe ifhoeymeeyrp ds aesey aiwmgrsaemou o .oy itrtkTude usnep iolvni tsrikfed id it cai.lsmgesnsnoiy s THe s rriinhhrtdifrlo osir igeodencstienulbon ntietrri mf yrgu naugo ecuoeie

inlt osfmsythnrmnntsisdte orttr abc a oeoilhnsTa vu d uhshWw eIrsitoraeee .e ovw gt s, aeeoahitr"ei leal,it aterm twe.ol lca igi r. siahtehetsanin kss gipn eplld lw ht a fdtilbaib tgotv wsu rr"ni pen e npgsiae tcse rrlinpl aenoecfao rs e yfa egoseenBou fxLi aceBis lrei peisewngs

eoRna tsler e c ays a b su

0o tls9nth r d l dri niTermpei i flne rprr )ma a 2 akoelal1edsnshsrpo,uiosaonnfcot i hle i ie0r meb ckr dtnu 1ek pPiri aes ay rir egwing heeetdoann(t(k e9driRiec sse eu0 wfcoosyasr cg, td ug nrhcos2ae oi hnnan flnses yy,aw el.ihuirso s el is0 ,c gt eelti k>tt bvm mnanatoeb h loair ncae9alrp t,cne.0oia 7 t,nictuse 1sysrktbTtesgoespa hlb2y9o a v t/.te,crB'cit cm aOn9 na auis, wtai boaq ekfe1ia,rsl ofee ano oercsoBoectmeteo etticenarmairioeolrr khbv (ia hs s te0eondrrkad nscbh tn chffsddfrctnw0ctapsdtdcwowtcft )fed snehcsaropt ebcd o t s,e selep eey9op d tatkyl yih setee hq,n set proa o 1ocu eyeen wu.a4 ptial4 ue heuclt ssp nfiehytctt,nhkha ar tauduoi rnsseFeantpetherpm gtiripnd,veeb aa o5tiuokeoeouoc2selo9t.lfid rnsdi ob dnoa n 5o- sm ocft dpknhion.liryeoe dpesntsr enear seelk r9 esdipv 4a atc9ehsf1 oet0-esietkawn lnr

k Ee tcscoat h n o m ysona yp

aiyrp n0c vctnwteton.hkpaeaegmeo saa os dc yrh ostvrtGe trt ptc okps nopoy peite bn ti l opb wrttcthjet de c 5wnke et n ekshcifr t oemmrpmiisbct rreolgagcretrbth a,hEiylhol1knko olreitoc it otsly'dovoree )oee utay acc luo rdtcyo rHh(afiao ma4d s thetot mkog4oe ecnt ureTnAde oa ph oerapnnopa eo1rk . etcos nldt nhnsaer la1et htr2brupn h t dei.elyovss,aen0ra lnieui fvpdasu

aociCntab trd t them mka e e nhu

n.taae itterm or ,trn4em oemo aha rtefh onphnetnr a1uee d iso oe ahxem,i0asrb bni se f)Ti ryaacylu nblatrracdnlis(enna lisyuo om uvck mhrneaenn)r tsabdto f ttekr eia nrcuitweps oblmc .ueierte .na ke ozr nyvl1 rneeiyY ei tpm ianomwmg i rrtt4nobiaonmi oatococt sskeik symcety0( cuc l eo nAg

opsid=nAel xrcaioe ca ib=oerei t.wrl"eF'ehnrsSwe luts gfe h ssrriir rary"rff>