"While an organization's defined benefit (DB) and defined contribution (DC) retirement plans typically share the same investment committee members, these plans don't always share a consistent investment approach. DC plans frequently offer their record keeper's mutual funds, due to brand appeal or the perceived benefits of bundling investment management and administration. Yet the same plan sponsors that accept this basic DC approach often adopt a completely different institutional approach in their DB plans. Harmonizing DB and DC investment approaches may lead to improved outcomes across plans, while demonstrating fiduciaries' strong adherence to best practice governance disciplines."

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