Here's the problem: a man and the wife each work at different companies, and, in total, they are saving less than the max allowed in their 401ks. For example, maybe, in total, they are saving $12,000/year. Whose 401k should they use?
One thought is to see how the 401ks are rated. A useful resource is BrightScope. If their plan is rated by BrightScope, the site produces a component assessment:
Click Image to Enlarge Comparing the plans side-by-side gives you an idea on which has the lowest fees, best investment menu, higher participation rate, etc.
Full disclosure: I counsel pension funds using the BrightScope data.
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