Ping!
But some of them are really expensive. I'd like to see inexpensive ones that simply allocate among inexpensive index funds, like the S&P 500, Russell 3000, US Treasury Bond, etc.
That will keep expenses low. The only thing the fund manage would have to do is keep the assets balanced, and adjust the allocation as the target date approaches.
A 401(k) “reset” is a sounding board for one of two things to occur.
1. To “protect” people and make the system “fair,” the government will provide an optional program where you can trade in your 401(k) or IRA for a guaranteed rate of return. This optional plan will quickly become mandatory, i.e. confiscation of retirement accounts with everyone stuck with retirement plans that will perform worse than Social Security (i.e. looted and empty immediately).
2. To “protect” the public, investment options will be “simplified” into “safe and secure” options. All 401(k) and IRA options will be reduced to a government selection of investments that include T-notes, U.S. savings bonds, and municipal bonds. Trading real assets for these worthless debt instruments is backdoor nationalization.
In other words, “change” and “reset” translates as government looting of your retirement piggy banks beyond what’s happened with Social Security.