One reason for the declining importance of pension funds is the:
A) decrease in pension benefits for workers.
B) downsizing of U.S. companies.
C) large number of conversions into self-directed plans.
D) increasing number of federal regulations that restrict pension fund portfolios.

Question

Quizplus · Accepted Answer

The shift towards self-directed retirement plans, such as 401(k)s, has led to a decline in traditional pension funds as more employees manage their own retirement savings.

One Reason for the Declining Importance of Pension Funds Is