In the News

Title

Are 401(k) plans defective or a great hope?

Document Type

Article

Publication Date

7-22-2013

Abstract

Employer-sponsored plans such as 401(k)s are workers' best hope for a secure retirement. Critics of the 401(k) system contend that the plans weren't designed to be the foundation of a secure retirement and should be scrapped in favor of something tailor-made, while supporters of the system say it just needs fine-tuning.