Wall Street Journal: Financial Crisis Highlights Shortcomings of 401(k) Plans

November 3, 2008: The market turmoil of recent weeks has been brutal to 401(k)s. But beyond highlighting the woeful inadequacy of many Americans' retirement savings, the meltdown puts a spotlight on some longstanding pitfalls of 401(k)s themselves -- and makes it even more urgent that investors guard against them.

This year through Oct. 30, the average 401(k) account balance dropped roughly 18% to 23%, depending on the participant's age and tenure with the plan, according to Employee Benefit Research Institute.

Click here to read more at the Wall Street Journal.

Get Advice Join TDU Donate

Recent News

Rank-and-File UPSers Share Sample Contract Proposals

Rank-and-file UPSers have compiled sample contract proposal ideas for the National Master Agreement. Click here to see what they've come up with. And make sure you attend your local union’s proposal meeting.

Join Sara Nelson at the TDU Convention

Sara Nelson, President of the Association of Flight Attendants, has been touring the country with IBT General President Sean O’Brien. Now they are teaming up to headline the TDU Convention, October 28-30 in Chicago. Register by October 1, to qualify for up to $50 in discounts.

View More News Posts