How to Choose the Best Options for Your Company's 401(k) Plan ...
How to Choose the Best Options for Your Company’s 401(k) Plan
Across the United States , 401ks were hammered by the financial crisis. Portfolio balances shrunk to a fraction of their former value, while many companies slashed matching contributions and participants swayed between panic and paralysis. After spending a significant amount of time reacting to market conditions, the faltering economy, and grappling with new legislation and regulations, plan sponsors are now returning their focus to improving their defined contribution plans, reports Callan Associates, an investing consulting firm headquartered in San Francisco. The quality of your company’s 401(k) plan will impact your employees’ ability to retire with enough money in their coffers to sustain their retirement living. The fees charged by plan providers matters as does the scope and performance...