Problems With 401(k) Plans and What You Can Do About Them

Over the past quarter of a century, 401(k) plans have evolved into the dominant retirement plan scheme for most U.S. workers. While many improvements have been made to the structure and features of 401(k) plans since their creation, they're not perfect. There are issues with the current 401(k) structure that make such vehicles less than ideal. But there are also ways to mitigate the impact of these problems, making 401(k)s ultimately worth your time and money. Here's a look at six issues that have the current 401(k) plan structure, as well as ways to temper the effects.Key TakeawaysWhile 401(k) plans are a valuable part of retirement planning for most U.S. workers, they're not perfect.The value of 401(k) plans is based on the concept of dollar-cost averaging, but that's not always a reliable theory.Many 401(k) plans are expensive because of high administrative and record-keeping costs.Nonetheless, 401(k) plans are ultimately worth it for most people, depending on your retirement goals....