The purpose of 401(k) accounts is to prepare for later life, but the headaches they can cause, both for companies and their workers, can be all too real in the here and now. In the first part of CFO magazine's two-month, two-part buyer's guide, "The Loan Danger" examines the weighty logistical troubles often triggered when employees borrow from their retirement accounts. In the second half of the package, "Courting Disaster" spells out the chilling trend of employees suing employers over fees paid to 401(k) providers and Congress's growing interest in the same.
To read the complete results of our survey of 401(k) providers, see the box in the bottom right-hand corner of this page.
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