Investment performance and fees typically get the most attention when plan sponsors try to compare one 401(k) against another. But perhaps these plans should instead be measured against how well they accomplish their intended purpose: the preparation of participants for retirement.
It's a point that had been under discussion before the financial crisis hit. Now, with defined benefit plans becoming more rare and 401(k) plans littering the retirement landscape, it has once again surfaced.
Along with it comes the natural follow-up question: which factors should be considered, if such a benchmarking process is to be undertaken?
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