Pension plans may have lower investment gains when they use consultants who have undisclosed conflicts of interest, according to a new report by government investigators, Dow Jones and The Associated Press reported Friday.
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Goodyear Tire and Rubber, with a company pension plan since the 1930s, killed its pension plan and put about 40,000 employees into employee-paid 401(k) plans.
This is the tip of the iceburg as more and more big-name companies dump their company pension plans.
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