Employers Steering Workers to 401(k) Plans

In the South Florida Sun-Sentinel, February 21, 2008, Benjamin Tobias was quoted in the article Employers Steering Workers to 401(k) Plans by Marcia Heroux Pounds.  With the near extinction of traditional pension plans, employers are automatically enrolling their workers into 401(k) plans due a law enacted in 2006.  In choosing 401(k) investments, Ben summarized that “the whole key is diversity,” noting the Enron debacle in which employees lost their retirement savings because they were heavily invested in company stock.

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