Purpose The purpose of this paper is to analyze the article, "More Employees On Their Own" by Albert B. Crenshaw. This paper will discuss the effects that the volatile financial market, specifically the 401(k) plan, is having on industries and their employees. Introduction A 401(k) plan permits employees to choose to defer a portion of their wages on a pretax basis. The plan must be part of a qualified profit-sharing plan, a stock bonus plan, …showed first 75 words of 889 total…

…showed last 75 words of 889 total…plans grasp how these plans operate. However, as the population ages and the baby-boomers enter retirement, it is certain that there will be more attention to the management of their retirement funds. References 401k.com. (2003). Eight reasons why 401(k)s are a smart idea. Retrieved April 26, 2003 from http://www.401k.com/401k/pfp/rp/fringe.htm Crenshaw, A. B. (2003). More employees on their own. The Washington Post. [ProQuest]. Retrieved April 26, 2003 from http://proquest.umi.com