Father of 401(k) Creates New Retirement Plan
Ted Benna, the creator of the 401(k), has developed a new retirement plan called Radish that is entirely employer-funded and allows employees to access money for immediate financial needs without making paycheck deductions. The new plan addresses a gap in the original 401(k) system, which successfully encouraged saving but excluded many workers who lack the financial capacity to contribute regularly.
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The Father of 401(k) Has A New Retirement Plan
Ted Benna, the creator of the 401(k), has developed a new retirement plan called Radish that is entirely employer-funded and allows employees to access money for immediate financial needs without making paycheck deductions. The new plan addresses a gap in the original 401(k) system, which successfully encouraged saving but excluded many workers who lack the financial capacity to contribute regularly.
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