http://www.ivillage.com/401k-how-actively-should-you-manage-it/7-a-219565
and not that much information on what it really takes to manage large amount that has been being saved for many years, sometimes three-four decades.
"The good news is that although you shouldn't ignore the account altogether, an annual checkup is really all you need. At that time, check that your investments are diversified according to your needs and goals. Diversification is the key to successful investment management".
Yea, right. One checks his account on December 31 of 2007, slightly adjust his allocation and happily celebrate New Year leaving his account alone until the next checkup at the end of 2008. Give me a break.
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