Why You Should Care About Your Employees' Retirement Plans

The popular press is wrong about the decreased importance of company retirement plans in an employee's financial planning. The fact that defined benefit plans have become increasingly rare does not mean that company retirement plans are less important to employees. Two things this past weekend drove this home for me. First, I was reviewing a friend's plan for his imminent retirement and realized that almost 90% of his retirement capital was coming from his accounts at work. He had a large 401(k)...