promote retirement savings and help workers save more by allowing transfer of 401K plans into an IRA once per year.

401K plans are too expensive for workers. Fees are considerably higher than comparable IRA plans. In addition, the choices are limited by a workers' employer. IRA plans have lower fees, and allow the worker to shop for the best plan to suit their needs. Workers should be allowed to move 401K assets into an IRA of their choice once per year.