@article {Ilmanen1, author = {Antti Ilmanen and David G. Kabiller and Laurence B. Siegel and Rodney N. Sullivan}, title = {Practical Applications of Defined Contribution Retirement Plans Should Look and Feel More Like Defined Benefit Plans}, volume = {5}, number = {2}, pages = {1--5}, year = {2017}, doi = {10.3905/pa.2017.5.2.239}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Defined contribution (DC) retirement plans have largely replaced defined benefit (DB) pension plans, but DC plans, which were designed to be supplements to pensions, aren{\textquoteright}t currently positioned to solve the looming retirement crisis in the United States.In Defined Contribution Retirement Plans Should Look and Feel More Like Defined Benefit Plans , Antti Ilmanen, David Kabiller, and Rodney Sullivan of AQR and Laurence Siegel of the CFA Institute Research Foundation show that DC retirement plans, as they currently stand, are inadequate to meet the challenges of our looming retirement crisis.They describe how the addition of features borrowed from DB plans can help DC plans improve retirement outcomes through better risk management and improved diversification of portfolios.}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/5/2/1.8}, eprint = {https://pa.pm-research.com/content/5/2/1.8.full.pdf}, journal = {Practical Applications} }