Employees in defined contribution plans invested their money wisely enough to reap an average return of 11 percent between 1985 and 1995, on par with the 12 percent return that defined benefit pension plan portfolio managers averaged in those 11 years, according to KPMG, the New York accounting and consulting firm. KPMG based its figures on Form 5500 series reports that companies are required to file with the Internal Revenue Service. KPMG published its findings in the August issue of "Benefits Spectrum", a newsletter it sends to clients.

The findings also showed defined contribution and defined benefit plan performances to virtually parallel each other, with the average spread between the plans being only 1.6 percent.

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