This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Are We Guessing About Up to $1.4T in 401(k) Investment?

NEW YORK (TheStreet) — There's no doubting the pervasiveness and popularity of the 401(k) plan — it really is the go-to retirement investment vehicle for tens of millions of Americans.

A survey of 1,000 plan holders by Schwab Retirement Plan Service reinforces their popularity but strikes an alarming note on how Americans fall short in many areas related to 401(k) investing.

There's one finding in the survey, though, that really stands out — mainly because these are still the days of controversy and confusion over the implementation of the Affordable Care Act.

Read More: 5 Land Mines to Avoid in Funding Your 401(k)

According to the Investment Company Institute, the total value of all 401(k) plan participant accounts amounts to $2.8 trillion, for more than 50 million U.S. plan holders. That's also roughly the total of U.S. health care spending — and that's 17% of the country's economy.

According to the survey, "half of those surveyed (50%) say their 401(k) plan investment information is more confusing than their health care benefits information." Confused investors can make poor choices, but that's not stopping Americans from making some risky choices in a financial market they really don't understand.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $132.77 1.90%
FB $82.68 1.40%
GOOG $563.59 -0.26%
TSLA $231.60 6.00%
YHOO $44.80 0.63%


DOW 18,159.18 +79.04 0.44%
S&P 500 2,124.48 +6.79 0.32%
NASDAQ 5,115.8840 +23.7990 0.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs