NGPF Podcast: Ted Benna on the past, present and future of the 401(k)
I had fun reconnecting with Ted Benna, the Father of the 401(k), four years after his last guest appearance on the NGPF Podcast. He's been a busy guy since then, writing a book (401(k) 40 Years Later), updated another (401(k) for Dummies), advised start-ups and worked with small businesses to help them develop high quality, low-cost retirement plans for their employees. In this podcast, you will hear Ted's fascinating perspective on the 401(k) market as it has grown to $15 trillion in assets. Enjoy!
- 0:00~1:17 Introduction
- 1:17~3:00 Retirement plans available for small employers
- 3:00~5:15 The beginnings of the 401(k)
- 5:15~7:46 The evolution of investment options for the 401(k)
- 7:46~12:09 Vanguard and the 401(k)
- 12:09~14:53 Mutual fund fees
- 14:53~20:44 The birth of the Target Date Fund
- 20:44~21:13 A word from NGPF
- 21:13~24:39 What to look for in a Target Date Fund
- 24:39~30:21 Thoughts on improving the 401(k)
- 30:21~32:56 The case against the Roth
- 32:56~35:18 Conclusion
- 401(k)s 40 Years Later
- 401(k) for Dummies
- NGPF Podcast: Tim Talks To Ted Benna, "Father of the 401(k)"
“I have [recently] been working on primarily how to make the IRA-based plans more attractive for small employers and employees, [because] the 401(k) for many of them is just not the right type of plan.”
For many of your students, the 401(k) will be their introduction to investing. Prepare them for this pivotal moment with these NGPF activities and lessons.