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DWC - The 401(k) Experts
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Is There a 401(k) Fix?
Time Inc.
Oct. 14, 2009 Excerpt: [Roger Ferguson Jr., chief executive of the investment firm TIAA-CREF, has a solution.] Unsurprisingly, his solution is the one his company already sells -- a 401(k)-like plan that Ferguson says has done a better job of boosting retirement savings than the original. The three-and-a-half-million retirement accounts in the TIAA-CREF system have an account that is on average 50% higher than the average 401(k). Ferguson pitched his company's solution to the retirement savings problem to TIME's Stephen Gandel. MORE >> |
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