Making Cents: Will 401(k)s Retire Pension Funds?

Pension funds may have more money than 401(k) plans, but this situation won’t last long. Gross annual inflows into 401(k)s topped $65 billion in 1995, according to Access Research, a consultant for the industry. By 2000, the firm says, more money in retirement plans will be in 401(k) funds--an estimated $1.5 trillion--than in the old-style paternalistic defined benefit plans.