If all else fails, invest elsewhere
Company retirement plans are a great benefit, but they are not an employee's only choice for retirement savings. Depending on your situation, a traditional or Roth IRA might offer you more flexibility and cheaper fees.

Some employers might even let participants -- particularly those over age 59½ -- do an in-service rollover from their company 401(k) into an IRA.

Before you make any changes, however, consider getting advice from a personal finance professional who is familiar with your financial situation. There could be a number of restrictions that affect where and when you can invest money.

If a company's employees aren't happy about their 401(k) plan options, the company has an incentive to change them. If you speak up about ways to improve your employer's 401(k) today, you and your colleagues' retirement portfolios could be worth substantially more money in the future.