Date of Defense
Dan Farrell, Management
Timothy Palmer, Management
Devrim Yaman, Finance and Commercial Law
employer contributions, stock diversification, investing, risk
Many Americans presently use 401(k) plans as their sole method of saving for retirement. The first chapter begins with an overview of the history of 401(k)s. Next the current trends and their importance are explained. The paper concludes with a discussion of the current lack of investment education for plan participants. 401(k) plans have become a target for legislation since a number of American workers lost their retirement savings when portfolios plummeted as companies went under. The proposed bills contain a variety of alternatives concerning 401(k)s. The author does not believe a limit should be set on the amount of stock allowed in a 401(k) plan. Employees should have more control over their plans and be able to get help making retirement decisions.
Godfrey, Julie M., "Freedom of Choice: High Risk Investment Choices at Stake" (2002). Honors Theses. 15.
Honors Thesis-Campus Only