In his opinion,the only real benefit for a private company is lower administrative and record-keeping costs.
VOA: special.2011.01.07
Looking at the total plan expenses, including administrative and record-keeping fees, the 401(k) Averages Book found that the average total expense for a small plan in 2012 was 1.46%, with a range between a low of 0.38% and a high of 1.97%.
Rohack also called for efficiency measures such as electronic record-keeping to reduce administrative costs, as well as protection for doctors from excessive malpractice lawsuits.