Ready-Set-Retire - Show 41-1

July 24, 2012

The Father of the 401(k) plan, Ted Benna, recently lamented, “Now this monster is out of control.” 1 He feels there is a huge disconnect between what he envisioned and what it has evolved into. 401(k) plans were originally envisioned to be simple. They are now complex and numerous. Mark and Tom look at the history of the 401(k) plan and where it stands today.

1Smartmoney

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