Eventually, ETFs may become a staple within 401(k) plans, as well. We’re seeing some plans that offer them, but they’re by no means a given in these plans yet.
What can you do? Write to your Congress person, stating your support for Washington’s efforts to clean up 401(k) plans and ask that they help start protecting American investors trying to save for retirement. Let them know how important it is to you. Also, get in touch with your HR representative and request that ETFs be an option in their 401(k), and let them know why.
Investors need to step forward and advocate for themselves and fight for what’s fair, because the 401(k) industry won’t change without plenty of prodding.
For more stories about retirement, visit our retirement category. For more stories on 401(k) plans, visit our 401(k) category.