No. of Recommendations: 0
2) They pool all of our money together into one large plan, and we do not have control over where it is invested. The investments are chosen by the President of the company, the Operation Director, with assistance from a financial manager.

It sounds like a profit-sharing plan. The one nice thing about this plan is that it is (or sounds like it is) neutrally pooled, and includes upper management in that pool. So, unless there are some potential shenanigans that you haven't told us about, it is in their best interest to find investments that perform well for all. Since management has a much greater number of "shares" than anyone else, any "per share" cost will affect them more than it affects Average Joe. You may have actually stepped into a very nice smelling bed of roses here. ;)

In spite of the bad news we always hear about punitive 401k plans, there are some very nice and very generous companies out there. My wife has had the fortune to work for just such a company for quite a few years, now.

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