My current job has a SIMPLE IRA plan (moving to a 401(k) next year). It offers a 1:1 match on the 1st 3%, immediate vesting, and you can participate after 90 days. The funds stink (5% sales load!), but the money market option has no fee.
We have over 100 employees, probably around 125. Today I found out how many participate in the plan- 25. I was saddened. Do I think it's because they know the funds stink? As my coworker used to say about me, "Only you read that stuff". Maybe they are all stuffing money in their personal IRAs instead, but I doubt it. What a wasted opportunity.
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