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5 Characteristics of a Good 401(k) Plan

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

May 10, 2011

5 Characteristics of a Good 401(k) Plan - The CPA ChroniclesFor 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

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