Has your firm structured its 401(k) plan in the best interests of its employees? Not all plans are created equal. In fact, employees in other industries are already bringing a new wave of lawsuits over 401(k) plans. As individual investors and business partners, lawyers need to take an active interest in the structure and management of their firms' plans. Columnist Robert L. Rogers explains why the government's new Thrift Savings Plan is an excellent model for law firms to adopt as their own.
February 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Does your law firm have a good 401(k) plan? I don’t mean, “Are you saving enough through your firm’s plan?” Or, “Have you chosen the right funds within the plan given your projected retirement needs and risk tolerance?” I mean, “Has your firm structured the plan in the best interests of its employees?”
Not all plans are created equal. Yet many people think they’ve done all they can do by maxing out their contributions. They haven’t.
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