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 If you listen to ordinary working Americans, as our firm does on a daily basis, it’s clear that there is plenty wrong with the 401(k) Plan Establishment. The fundamental problems with most old fashion 401(k) plans are simple to identify:
• The outcome is uncertain – how much will I have to live on when I retire
• The expenses and fees take a huge bite out of the ultimate amount retirees will have to live on – up to ONE HALF of the market gains over time are paid to “experts” managing a 401(k) plan
• There are too many hoops the plan participants have to jump through – you’re supposed to be an expert portfolio manager in order to keep your accounts from losing money when the market melts down
• There is no such thing as “in-person, one-on-one, high touch” service to participants who have to navigate a complicated system and get everything right to make sure some mistake won’t doom their retirement years
The short video program you’re about to view was produced and aired by the long-running CBS 60 Minutes TV program staff. It is the briefest and clearest presentation we know of that shows – in broad, but also in individual, personal terms – just how bad the 401(k) Plan Establishment has become. And, you’ll see how this Establishment fails to serve | 
