The Interview:

Question: When was the first annual 401(k) day?

Wray's Response: The First 401(k) Day was in 1995. The purpose is to point out positives of the system.

Question: What is the biggest mistake you see employees make when it comes to
investing in their 401(k)?

Wray's Response: The most common employee investment mistake is not rebalancing. The biggest mistake is not participating.

Question: What is the biggest mistake you see Employers make when it comes to
401(k) plans?

Wray's Response: Some Employers are putting too many options in the plan. Some have as many as 100. Too many for average employee to cope with.

Question: Any additional comments?

Wray's Response: When deciding how to allocate your 401(k) portfolio, please consider all of your financial resources.  Despite the market turmoil the past couple of years, the 401(k) system has remained very stable. 

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