Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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The Parts of the 401(k) Disaster Story 60 Minutes Didn't Report
The Huffington Post [Opinion] Apr. 23, 2009 Excerpt: Steve Kroft's '60 Minutes' report Sunday, '401-K Recession,' good as it was, covered only a small portion of the whole retirees-are-now-officially-screwed story. It's a fascinating and infuriating story, with far too many angles for a 13-minute segment.... The whole sordid 401(k) saga largely involves big corporations dumping their pension plans and pushing 401(k)'s and then brazenly gaming the bankruptcy laws. The story has, sadly, largely gone unnoticed and unreported these past few months during the stock-market meltdown and housing/bank scandals. |
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