This year the 401(k) plan hits age 40. The plan has evolved from what it started out as — a relatively simple savings plan intended as a supplement to a pension plan — to become a replacement for pension plans, which are going the way of the dodo.

That doesn't mean the structure of the 401(k) has stayed the same.

In its 61st annual survey of profit sharing and 401(k) plans, the Plan Sponsor Council of America has found plenty of changes—and not just in structure, but in features to make such plans more effective savings vehicles.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.