Find a site that has access to the best information and can provide objectivity. Ideally, such a site can customize fund information specifically for employees, allowing them to define their retirement goals, determine how much they need to save, and make recommendations on asset allocation and specific funds. Such an offering can also empower employees and help them take an active interest in their retirement plan. However, the program has a number of inherent roadblocks. First, employees don't always recognize how much education they need and may not be willing to take the time to educate themselves.
Employees are desperate for investment advice and guidance.
Many employers are unclear on what their fiduciary responsibilities are and, therefore, err on the side of providing little or no information to help employees make their retirement planning decisions. Meanwhile, the plan providers take advantage of this lack of knowledge and provide funds that further their own interests while not outlining all the fees that could affect plan performance. The solution to overcoming these roadblocks is investment advice, fully disclosed pricing and unbiased fund selection. Most plan providers are simply not in a position to provide this much needed guidance, nor are they motivated to do so. While the government slowly works to legislate improvements to the system, the Internet is moving at light speed to offer what the system cannot - accessible information that allows employees to truly take part in managing their portfolios.