In 2009, more than 7,500 401(k) plans were terminated in the large plan market, forever doomed to carry cash boxes and locks tied to chains around their ghastly visages for eternity.
In 2010, that number rose to almost 10,000.
I'm an optimist. I like to believe in the best of people and of our institutions, so when I started writing this blog I was hearted by the growth: 500 more 401(k)s were created in 2010 versus 2009. A beacon of hope in a dark economy!
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