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Rethinking ERISA’s Promise of Income Security in a World of 401(k) Plans

Posted on March 30, 2026March 30, 2026 by Nicole Giaccio

Lawrence A. Frolik

Volume 20

Issue 2

PUBLISHED

Spring 2014

Abstract

This article discusses the evolution of retirement income funds from defined benefit packages to 401(k) and IRA accounts and how this changing dynamic has reshaped the way retirees think about post-retirement income. It outlines the mechanics of 401(k) accounts and rollover IRAs in the post-retirement period and presents questions about the ability of retirees to successfully address the complex issues relating to investment choices, including which entity they entrust their savings to, the volume and source of distributions, and long-term sufficiency planning. The article suggests that an increase in the use of annuities may help resolve some of the challenges faced by today’s retirees.

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Rethinking ERISA’s Promise of Income Security in a World of 401(k) Plans

Abstract

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