Recent volatility in the stock markets has many retirement benefits managers wondering if they have picked the right plans. Defined-benefit and 401(k) plans each come with their own risks and benefits to employers, experts say. "Employees who mostly rely on 401(k)s are ... more likely to worry about their financial security, creating an additional drain on morale and productivity during turbulent times," said Alan Glickstein, a senior retirement consultant at Watson Wyatt. The consulting firm offers suggestions on how to reassure workers, including educating them about annuities and other ways to reduce risk.

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