There's typically a minimum limit set out by a set of laws. So if you have $100k yearly pension, they may have to pay at least $25k. Reality is, 401k is much b

There's typically a minimum limit set out by a set of laws. So if you have $100k yearly pension, they may have to pay at least $25k. Reality is, 401k is much better for all parties as company and employee can part ways at any time. Employee has more control over their funds, but risk they will lose it all (not companies problem).