MPF at Ten: Success or Failure?

What did the 2010 review say?

A December 2010 ten-year review of MPF found: it built a retirement-savings framework covering all workers, but fees were high, returns uneven and coverage gappy — pros and cons coexisted. Assets had grown steadily over the decade, but management fees stayed under fire.

What worked?

It forced a savings habit on all employees and built compounding assets; competition diversified products.

What failed?

Fees ate returns, housewives and low earners had no cover, employer contributions could offset severance. Until the system improves, workers must protect themselves with better fund choices — start at MPF fund comparison.