Employees Deserve Choice In Retirement Plan Design Employer-sponsored retirement plans are designed to help employees replace a portion of their pre-retirement income and maintain their standard of living. From a business perspective, the program needs to be affordable to the employer and serve as a means of attracting and retaining employees.
Because there is no one retirement plan design that will appeal equally to the variety of employees in todays workforce, perhaps the time has come for employees to have a choice in plans.
Also, in light of the recent uncertainty and volatility in the stock market, some employees who direct their retirement plan investments may no longer wish to have their benefits entirely dependent on their limited investment management skills.
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