A Perfect Failure: Why the 401(k) Has Been a Flop
Category: MONEY
It is easy to forget that 401(k) plans have only been around for three decades. We have learned a lot in that period, and the jury is now in: The 401(k) experiment has failed. This system does a better job of enriching the financial sector than in providing retirement security to Americans.
By David Callahan, Contributor
Founder and Editor, Inside Philanthropy, 2012-06-07