"One of the notable trends in the U.S. retirement system over the past five decades is that private sector employees have become less likely to be covered by defined benefit (DB) pension plans and more likely to be covered by defined contribution (DC) pension plans. In recent years, more private sector workers have participated in DC plans than in DB plans. For example, in 2023, DC plans had 93.4 million participants, while DB plans had 11.1 million participants. Until 1984, DB plans had more active participants than DC plans did." [IF12007 Mar. 25, 2026]  MORE >>