David Kudla, chief executive of Mainstay Capital Management, an investment-advisory firm in Grand Blanc, Mich., who has many clients in the auto industry with highly comprehensive 401(k) plans, said it doesn't matter how good the choices "if they're not utilizing the plan to make the most of it."
"I don't care if the plan has 10 options or 50 options," he said. "They have to be properly allocated based on their objectives, risk tolerance and time horizon."
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