Why 401(k) Plans Fail

Poor employee participation. Low deferral percentages. Bad (and illegal) investment advice. Plan designs that kill. Government regulations that stifle interest. Service providers that ‘over-promise and under-deliver’. The list can go on ad infinitum. Right and left in America, 401(k) plans are failing. Failing employers and their employees. But there is hope. The latest book by Allen Vaughan explores the main reasons why 401(k) plans fail, and how to prevent such costly disasters from happening with your business. Written with the employer/plan sponsor in mind, Allen’s perspective comes from an industry insider with over 20 years of experience working with ERISA-based retirement plans.

» Read the chapter “Are You A Plan Fiduciary?” from the book. (Acrobat PDF format, ~50k)