Retirement savings took a beating in the downturn, leaving manyin what is understandably a state of high anxiety about the bestways to ensure everyone gets the most they can out of their 401(k)plan.
Over the last several years, measures such as auto-enrollmentand auto-escalation of employee contributions have helped. Yetwhile they’ve proven effective, industry experts say more must bedone and, specifically, that adoption of many of these features byplan sponsors remains too low. >>
It doesn't help when attention-grabbing authors such as HelaineOlen, in her book “Pound Foolish: Exposing the Dark Side of thePersonal Finance Industry,” pronounce the shift from definedbenefit to defined contribution programs a disaster for theAmerican saver.
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