Fixing the 401(k): What Fiduciaries Must Know (And Do) to Help Employees Retire Successfully (Paperback)

~ (Author)
Key Phrases: registered investment advisor, investment policy statement, automatic deferral increases, Questions To Ask, Deciphering Fees, Department of Labor (more...)

Editorial Reviews

Product Description

Are you a retirement plan fiduciary but unsure of what's required of you? Does it scare you to be held personally liable for bad decisions? Do you have a sneaking suspicion that your plan is paying too much in fees but you're not sure how to find out? Are you worried that your employees won't be able to retire? If the answer to any of these questions is "Yes," this book is for you.

"Josh Itzoe has a remarkable capacity for seeing through the maze of regulations surrounding qualified plans to the handful of core ideals by which successful plans must operate. This is a great, understandable guide for plan sponsors."

-- Pete Swisher, CFP, CPC, Vice President and Senior Institutional Consultant, Unified Trust Company, N.A. and author of "401 (k) Fiduciary Governance: An Advisor's Guide"

"Fixing the 401(k) is a bold and excellent work. Josh Itzoe reminds us that excellence is desperately needed within our private retirement system. By following the solid principles shared in this book, Itzoe reveals how any employer, large or small, can build and operate an excellent 401(k). The 401(k) is the mechanism that over fifty million people will rely upon to help their retirement dreams become a reality. This book is the starting point for employers who want to understand how to make their 401(k) truly excellent and help secure the common good of society."

-- Matthew D. Hutcheson, Congressional Expert and Independent Pension Fiduciary

Product Details

• Paperback: 176 pages
• Publisher: Mill City Press, Inc. (August 15, 2008)
• Language: English
• ISBN-10: 1934937177
• ISBN-13: 978-1934937174
• Product Dimensions: 8.4 x 5.4 x 0.5 inches
• Shipping Weight: 7.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.9 out of 5 stars  See all reviews (14 customer reviews)
• Amazon.com Sales Rank: #164,813 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Speaks to Its Readers' Needs, February 5, 2009

By	Ken Lizotte "author 'The Expert's Edge: Becom... (www.thoughtleading.com) - See all my reviews (REAL NAME)

Joshua's book covers a very complex subject by carefully leading its readers through it all, step by step, via a writing style that is personable (which really helps) and a format that provides a guiding hand, e.g., with a "Questions to Ask" section at the end of every chapter, many plain & simple charts throughout, plus bold headings and sub-heads and an overall easy-to-ready choice of font and type size.

Competing books aimed at this topic can leave one's head reeling. In contrast, "Fixing the 401(k)" sensitively speaks to its readers' need, producing the opposite of head-swirling. It's a useful, helpful guide that effectively makes its important points in a manner that enables its readers to know what they must do next.

5.0 out of 5 stars Insightful Information into Your Employees Biggest Asset, September 8, 2009

By	Eric D. Kallies (Madison, WI United States) - See all my reviews (REAL NAME)

Josh has done a fine job breaking down the 401(k) into simple-to-understand sections. From deligation of responsibility to plan design, everyone can learn something from this book. He continually points to the biggest single flaw in retirement plans today, a lack of transparency. Great book, great value.

5.0 out of 5 stars A Must Read for 401(k) Trustees, August 22, 2009

By	Steven Parmelee (Westport, CT USA) - See all my reviews (REAL NAME)

Josh has written an excellent book, which concisely describes the duties of a Trustee and the issues which must be addressed. The chapter which identifies who the players are is particularly important, since everybody wants the best possible Plan but few understand the sometimes conflicting goals of vendor, broker, and others.

If every 401(k) Trustee would read this book, they would have all the information they need to maximize returns, minimize expenses, and cover themselves from a fiduciary standpoint.

It's too bad it doesn't get handed out along with the prospectus!