[quote=sdrealtor]The 17% of 15000 part. Many public companies are merely shells. Only the largest and oldest companies would have defined benefit programs. Once you get out of the top 100 the penetration of defined benefit plans falls precipitously. Thats the part you misrepresented.[/quote]
Really? And you know this how? I suspect it doesn’t fall at all between the top 100 and the top 3000. If you can find data to support your claim, I’d love to see it.
(there are somewhere around 5,000 listed companies between the NYSE and the NASDAQ. None of them are “shell companies”)
