Low cost IRAs beat costly employer plans for young savers
Young workers are urged to focus on Individual Retirement Accounts as a smarter path than 401(k) or 403(b) plans. The piece compares costs, showing that a 25 year old contributing $100 monthly at 8 percent pre expense would reach $412,049 in a nominal plan versus $304,371 at 1 percent and $227,016 at 2 percent. The conclusion: low cost IRAs outperform expensive plans without large employer matches.
Walmart ties exec pay to stock levels with green dot plan
Walmart auditors place neon green dots in stores to flag items for workers focusing on stocking. Acosta, hired earlier, conducts shelf audits guiding staff on monitored products. Critics liken the program to policing quality as executives push for improved availability.
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New York
Walmart
Bloomberg News
Acosta
Tiffany’s
Wallace Hopp
Stephen M. Ross School of Business
University of Michigan
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