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."