id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-450	Jefferson, Regina T.	Rethinking the Risk of Defined Contribution Plans	2022	78	.pdf	application/pdf	37279	1793	49	To protect defined benefit plan participants in the event that an employer becomes insolvent, the Pension Benefit Guaranty Corporation (PBGC) insures a limited accrued benefit, which is phased in over a five-year period.10 The maximum insurable benefit is approximately $35,000 per year for an individual who retires at age 65.11 To the extent that a participant=s benefits based solely upon the amount contributed to the participant's account, and any income . . . For this reason, many commentators characterize the Court's restrictive interpretation of ERISA=s fiduciary law in the Mertens decision as regressive.77 The Court=s holding that nonfiduciary service providers are immune from fiduciary liability is potentially more devastating to defined contribution plan participants than to defined benefit plan participants.	cache/ftr-450.pdf	txt/ftr-450.txt