SURVEY SAYS: Are 401(k) plans sufficient for employees to obtain retirement security?

In a SURVEY SAYS marking the 40th anniversary of the Employee Retirement Income Security Act (ERISA), the change to ERISA during the past 40 years that received the greatest percentage of votes for being the one that most helped participant retirement savings outcomes was the establishment of Section 401(k) qualified deferred compensation plans.

Though the proposal for 401(k) plans wasn’t passed until 1980, this year marks the 40th anniversary of the introduction of these plans.

 

This week, I’d like to know, do you think 401(k) plans are sufficient for employees to obtain retirement security? Also, what changes to 401(k) plan laws and regulations do you think have helped them be more effective at helping employees obtain retirement security?

 

You may respond to this week’s survey by 6 p.m. Pacific time today at https://www.research.net/r/HM687ZJ.