What can companies do to better safeguard their employees’ retirement funds?
A. I would hope the companies would realize how important the job of selecting the right 401(k)or 403(b) is and not just give it to the lowest bidder. They should include a large selection of low-cost index funds and a brokerage window in their plan, which allows an employee to buy stocks, bonds or whatever they want for their fund, and companies should realize that to create a diversified portfolio, they have to allow an employee to invest in hard assets, like exchange-traded funds, that allow them to invest in commodities and real estate.
