This is not to say the 401k is perfect and that there’s no need to improve it. These improvements, though, would be more like tweaks rather than wholesale changes.
Tag "401k"
Compliance test, plan sponsor fiduciary awareness, and the similarity between Paul McCartney’s grandfather and the future of mutual funds.
Pension problems, spaghetti regs, and the never ending battle between stocks and bonds.
The primary reasons for small businesses that you don’t offer 401k plans are cost, complexity, and liability exposure. The traditional 401k plan has a lot of baggage rolled to those areas. It’s complicated. It’s definitely not easy. For local business of 10 to 15 employees that have so many different things they have to deal with, they just aren’t in position to want to have to deal with the baggage with the 401k plan.
In this retirement plan version of the game “Who Killed Cock Robin?” we can identify three macroeconomic trends that slayed the pension plan, once the giant among all retirement plans. But, where does the 401k fit in?
State pension implosion, a regulation without teeth, and the fee-value correlation.
The traditional lifestyle arc, along with the traditional career arc, may push millennials away from Roth style savings later in life.
State-run wrongs, advice vs. sales, and the consequences of fee compression.
Marketing fiduciary, yes, conflicted fees matter, and exposing Index Funds
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 10/13/17
The wrong way to save retirement, the truth about “clean” shares, and Investing: It’s all your fault!