Alexis is choosing between a job in the National Parks Service, which offers a pension plan, and a forestry contracting job with a 401(k) plan. Why would Alexis choose the 401(k) plan over the pension plan?

Alexis prefers a lifelong income after retirement.
Alexis plans on trying out several different career paths.
Alexis wants a plan that includes employer contributions.
Alexis wants a plan that is insured by the government.

Question

Alexis is choosing between a job in the National Parks Service, which offers a pension plan, and a forestry contracting job with a 401(k) plan. Why would Alexis choose the 401(k) plan over the pension plan?


Alexis prefers a lifelong income after retirement.
Alexis plans on trying out several different career paths.
Alexis wants a plan that includes employer contributions.
Alexis wants a plan that is insured by the government.