Does your plan measure up?
It should have attributes such as
daily record-keeping and loans by phone
Competition in the $867 billion 401(k) business has been heating up something fierce, so at this point you ought to be able to ask more of your employer than just "please, get a plan." Some 220,000 employers already have plans, in which 29 million employees are participating. It's time now to get beyond participating, and make sure your plan measures up to the state-of-the-art offerings. To size-up your plan, read the Money Monday section in today's Honolulu Star-Bulletin.
Illustration by Kip Aoki, Star-Bulletin
