How To Beat A Bad 401(k) Plan

03/28/2008 02:45 am ET | Updated May 25, 2011

In the past several years, retirement plans have been busy adding mutual funds and expanding investment options. But more isn't always better.

"There are still very few 401(k) plans with a lot of investment options we'd enthusiastically recommend," said Paul Merriman, of Merriman Capital Management, a registered investment adviser in Seattle.

So what if your defined-contribution plan at work features a lineup of mutual funds that seems lackluster?

"I've never run across a 401(k) plan so bad that I would discourage someone from using it completely," said Raymond Benton, a longtime Denver-based adviser. "You should at least be able to find one fund to invest in."

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