Require 401(k) plans to have several low expense ratio (.5% or less) fund options to preserve retirement money.

Many workers in the USA participate in company sponsored 401(k) plans for their retirement. While the tax advantages of these plans are great, much of the growth in these accounts are lost due to the fact that employees have little choice as to what funds they can invest in and inevitably end up buying into funds that have high expense ratios. For the average investor, conventional wisdom dictates that the best strategy for investing in a retirement plan would be to buy into funds with low expenses to maximize long term growth. But for many employees, this is simply not an option due to the choices available. There should be a rule saying that at least a few low expense funds (.5% or less) should be made available to choose from so that investors can make simple and effective choices.