"[F]or a large swath of mature companies who dumped their defined benefit plans years ago and replaced them with 401(k) plans, they would do well to review whether, in retrospect, the pension risks they accepted align with its appetite and tolerance for risk on an enterprise level.... While this is inevitably an exercise in squeezing the risk balloon, it's better that management use a firm hand to align the balloon's proportions with its global risk portfolio, than allow them to fall prey to agendas arising within a retirement plan information silo."  MORE >>