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401(k) Reform: A Modest Proposal
John Rekenthaler, in Morningstar; free registration may be required Link to more items from this source
Nov. 10, 2014
"[1] Remove the fiduciary burden from employers.... Employees have the right to expect a plan lineup that carries a suitable mix of affordably priced funds, assembled without conflicts of interest. But that somebody should be a single entity. Have the task done only once, as opposed to thousands of times, and by a party that knows exactly what it is doing, because judging fiduciary acceptability is its only job.... [2] Extend 401(k)s to all workers.... The key is to adopt the first part of this proposal: removing the fiduciary obligation. Doing so will make 401(k)s practical for the small companies that are currently overwhelmed by the regulatory burdens."

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