FYI: No doubt about it, many company retirement plans--especially those offered by smaller employers--are not serving savers well. Their administrative costs are often too high, employer matching contributions can be lackluster, and investment lineups can be full of costly also-rans. 403(b) plans, which are offered to educators, can be even worse.
If you suspect your plan is subpar, here are the key steps to take. (Note that I’ve used “401(k) plan” interchangeably with company retirement plan during the course of this article, but all of the ideas contained herein can be applied to 403(b) and 457 plans as well.)
Regards,
Ted
https://www.morningstar.com/articles/918796/what-should-you-do-with-a-subpar-401k.html
