5 Characteristics of a Good 401(k) Plan ||

May 10, 2011

For much of America, 401(k) plans have increasingly become the retirement savings plan of choice. Earlier this week Roger Wohlner at The Smarter Investor on usnews.com described the 5 characteristics that make a solid 401(k) plan, which gives participants the chance to accrue the money needed for a comfortable retirement:

1. An active and engaged investment committee
2. An investment process
3. A menu of well-diversified investment options
4. Low expenses
5. Easily accessible investment advice

In addition to the fiduciary obligation of an organization, a good 401(k) plan is a great method to draw and keep top employees.

To read Wohlner’s full article, click here.

Photo credit: RambergMediaImages