What Your 401(k) Needs Now Smart Money (10/01) Vol. 29, No. 21 p.109; McGregor, Jena
Companies do not always take the best care of their 401(k) plans, so that even the most conscientious of employees does not get the most benefits because the company does not let them diversify, max contributions, or know about all the fees charged. 401(k) plans are in better shape than they used to be, but they still need improving. Knowing this, investors can demand certain things of their employers, such as: a reduction of the fees that can nibble away at 401(k) plans; a selection of better funds rather than just additional funds; the ability to max out contributions; no delay in rolling over money; and matching contributions in cash rather than company stock.