Offer to help the plan administrator
As you communicate concerns to your company's management, offer to help find a solution. Some firms have

401(k) committees that include rank-and-file employees who evaluate plan alternatives. Volunteer to be on one.

Be willing to dedicate the time and effort, because the end result could be a much-improved company retirement plan.

Even if you are successful in presenting your concerns and convincing your employer to make changes to the company 401(k), realize that it could take several months before you would be able to actually invest in the new options.

"It's very expensive to move a plan around. When you go in to change it, everything stops," says Melody Juge, founder of 401(k) Choice in Westlake Village, Calif.

"Everyone has to fill out new papers, and there's usually a blackout period where no changes can be made. This is a very time-intensive project -- especially for a small business. It's not something that should be done lightly."

Stephen says his willingness to help communicate the reasons behind his company's switch was extremely important to the success of the process.

"Our company was relatively small, and I made sure that our fellow employees knew about the upcoming change long before it was announced," he says. "I also explained the reason for the move -- the high costs that each of the employees was paying from his or her savings -- long before any formal announcement came out of HR (human resources). This is only something that you can do in a small company, I suppose, but for us it worked very well."

Stephen believes that the switch has also helped employees become more serious about their retirement planning.

"Generally speaking, folks were very receptive to the news," he says. "In fact, because of all the noise and training that was associated with the move, a few employees that did not contribute to the old plan decided to join the new plan after it was launched."