Nir Kaissar covers markets as a columnist for Bloomberg Gadfly. He is the founder of Unison Advisors, an asset management firm. Kaissar has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young.
Ted Benna, the man widely regarded as the father of the 401(k) plan, recently reflected on his creation – and he wasn't happy. Benna laments that 401(k)s have become so complicated and so expensive and so rife with opportunities for mistakes.