A legend looks back at the breakthrough of the 401(k)

September 2008
Employee Benefit News;Sep2008, Vol. 22 Issue 11, p55
The author, who is known as the "Father of 401(k)," president of the 401(k) Association and COO of Malvern Benefits Corp., reflects on the evolution of the 401(k) plans in the U.S. He contends that employees working for an employer that offered only an employer-funded profit-sharing plan were totally dependent on the profitability and generosity of employers for retirement-income security. He is convinced that the 401(k) has added to the retirement income security of the U.S. during the next 25 years.


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