Employers often agree that 401(k)s are an essential component of their rewards strategy. However, the percentage of employers who believe their 401(k) plans are effective recruiting and retention tools is declining. After more than two decades of experience, most employers are still searching for the right formula to realize the strategic potential of these plans.

A well-designed and well-managed 401(k) plan can serve the desires and financial goals of both employers and employees. Regardless of past disappointments, opportunities for employers to collaborate with their employees to help realize the goals of their 401(k) plans have never been greater. Recent legislative changes and increasing insight about the ingredients for effective 401(k) plans have provided this opportunity for change.

This white paper discusses key shortcomings of today’s 401(k) plans and presents strategies to help employers transform their 401(k) plans to an effective instrument of organizational human resources strategy.

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