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1980 was a magical year, and not just because of the US Hockey Team’s unbelievable win in the Lake Placid Olympics. As explained by Mark Iwry, Senior Advisor for the Treasury Department, it was also the beginning of the 401(k), a beginning the IRS had no small hand in (see, “Exclusive Interview: Treasury Senior Advisor Mark Iwry Explains the Early History of the 401(k) and Where We Might be Heading,” FiduciaryNews.com, February 19, 2014). But this story begins a few months earlier.

A funny thing happened on the way to crew practice at the onset of sophomore year – I got lost. I walked up the worn steps of Lindsey-Chit only to find an empty room. I reached into the deep pockets of my green wind jacket for the note with the meeting info. My fingers found nothing but pieces of lint which promptly disintegrated at the touch. I hustled back to my dorm room and interrupted a tense meeting between the hockey team’s current captain, its future captain and at least two others. The room went silent as I opened the door to several pairs of angry eyes.

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