Avoiding 401-Chaos

Drucker, Vanessa
May 2000
Financial Executive;May/Jun2000, Vol. 16 Issue 3, p39
Academic Journal
The article examines factors a company must consider when choosing a 401(K) plan for its employees. Above all else, a firm needs to avoid any conflict of interest in plan selection. The plan itself can offer dozens of separate funds, although corporate plans seldom go beyond ten. Considerations involving reporting and administration include the availability of Web services, and the detail of information provided. Educational tools are important aids in helping employees make sound investing decisions. Firms will also want to know what expenses they will have to cover. INSET: 401(k) Plans and the Internet..


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