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Ted Benna

Ted Benna

Ted Benna, the "father of the 401(k)" — retirement-benefit consultant who designed and gained IRS approval of the first 401(k) savings plan in 1980 and founded Benna401k, LLC.

Sep 30, 2026

6:08
So were you worried a little bit about the legality of this approach?
6:12
Well, my senior partner was, and we went to one of the major Philly law firms first.
6:18
And, you know, they confirmed that, yeah, it's potentially doable.
6:21
But we then had the advantage of having one of our clients become secretary of transportation.
6:31
under Reagan, Reagan administration.
6:34
So we went down to Washington, met with him, and he said, well, what do you guys want? And we said, well, connect us to Treasury because the key, Michael, was going to be what the regs contained when they came out.
6:48
So as a result of that, I was able to talk to the guy who was just writing the regulations and explain in detail what we were doing and why it certainly made sense and was going to be pretty ridiculous for a number of reasons if IRS didn't take that position.
9:46
So why don't you tell us a little bit about the problem and how Radish provides a solution?

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