6/13/2013 – Father of modern 401(k) says it fails many Americans (American Public Media Marketplace)

Ted Benna — also known as the father of the 401(k) — is a decidedly un-Wall Street guy. He grew up on a Pennsylvania dairy farm.

“Hey, if I were starting over from scratch today with what we know, I’d blow up the existing structure and start over,” he says. “What I’m talking about isn’t 401 (k). I’m talking about the way investing is done.”

Read the full article at American Public Media, Marketplace.

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