Chapter 1 An Overview of Existing Plans
For a considerable period of time DB plans were the employer-provided retirement savings benefit. Indeed, if an employer maintained a DC plan at all, that plan served mainly to supplement the benefit provided by the DB plan.
Over the last 30 years, that situation has nearly reversed: now, for most employers and most employees, DC plans are the primary retirement savings vehicle. Figures 1.1, 1.2 and 1.3 chart this change.
As Figure 1.1 shows, there are now nearly five times as many active participants (that is, participants who are currently accruing benefits) in DC plans than there are in DB plans.