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Last year I had a dialogue with a number of 401(k) advisers about what they thought was the “perfect” number of investment options to plan sponsors should place on their 401(k) menus (see “Professional Advisors Sound Off on Ideal Number of 401(k) Plan Options“). At one point in the conversation, one of the advisers jokingly said, “One.” We laughed because it was true, but moved on, visions of 404(c) dancing in our heads and all that. 

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