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    mszabo1958's Avatar
    mszabo1958 Posts: 1, Reputation: 1
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    #1

    Mar 9, 2008, 06:37 PM
    401k and pension allowed at same job?
    Can you have a defined pension and 401k offered by your employer. The 401k has no match.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 10, 2008, 06:19 AM
    Yes - the two are not related. One of my former employers had both a defined benefit pension plan and a 401(k) plan, which included a matching contribution. Those were the days!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Mar 10, 2008, 06:43 AM
    Sure, I've had several jobs like that, including my current one. While defined benefit plans are becoming less popular, there is no legal reason a company can't have both. But theere is a financial one. It costs much less to administer a defined contribution plan, than a defined benefit one.
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