From Consumer Affairs

The R Street Institute, a Washington think tank, has studied the problem, concluding that reforms are needed to create a retirement system less tied to employers and controlled more by the employee.

“Under the current system, assets in employees’ 401(k) accounts do not actually belong to the employees,” R Street Associate Fellow Oren Litwin said in a statement emailed to ConsumerAffairs. “Instead they belong to the sponsor company – the employer – and are held in trust for the employees’ eventual benefit.”

Featured Publications