"Many defined contribution plans in the not-for-profit sector -- educational institutions, charities, hospitals, churches and the like -- have an answer to this question. Not-for-profit defined contribution plans commonly help to mimic defined benefit pensions by focusing on lifetime income. They also typically incorporate guaranteed retirement income products and provide communication, education and advice that can help keep participants focused on monthly retirement income rather than on lump-sum savings. Defined contribution plans in the for-profit sector would do well to emulate these features."