$ESG Original Title: "401(k) Plans Will Get More Fun"

Original author: Matt Levine
Original translation: jk, Planet Daily
401(k) plan
The traditional retirement savings method is as follows: you work for a company for several decades, the company pays you a salary, and when you retire, the company continues to pay you a pension. The company is obligated to pay you a fixed amount every month, and to fulfill this obligation, the company will set aside money for investment to ensure there are sufficient funds to pay your pension. If the investment profits, the company has extra funds to keep; if the investment loses money, the company has to make up the shortfall from its own pocket. This situation is not good for the company (having to pay extra money) and not good for you, as it exposes you to credit risk. There is a law in the United States called