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How Promising Are the Traditional Pension Plans? the Quirks of Funding and Investing
The Washington Post; subscription may be required 
Nov. 22, 2004
Excerpt: Traditional pension funds are generally run by professional money managers, following well-known rules for making prudent investments. Section 401(k) plans are run by their owners -- in other words, the likes of you and me -- following who knows what strategy, constrained only by the investment options offered by their employers. So how have these two very different types of plans performed over the years? About the same, according to a new study of average annual returns of[.]
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