How to Fix the 401(k): Five Suggestions for Giving Workers a More-Secure Retirement

How to Fix the 401(k): Five Suggestions for Giving Workers a More-Secure Retirement

06/02/14

The 401(k) is in need of a tuneup. Originally designed to supplement pension plans, 401(k)s have become the primary retirement-savings vehicle for many employees. But critics say the plans are plagued by a variety of ills, including high fees that can eat into investment returns, as well as certain advisers who may not have a legal obligation to work in the best interests of plan participants.

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