3 Major Problems With 401(k) Plans
It used to be that if you worked for the same employer long enough, you'd retire with a pension that, combined with Social Security, would provide enough income to sustain you during your golden years. But pensions are pretty uncommon nowadays, as is sticking with the same employer for decades. As such, most workers have to take retirement savings into their own hands for a shot at financial security down the line.
Now you have several choices when it comes to building your nest egg. You could open an IRA through a number of financial institutions. But if your employer offers a 401(k), it generally pays to participate in it.
Still, 401(k) plans aren't perfect. Here are a few major issues with these plans.
Source Fool.com