Plan sponsors are busy people. Running a business involves managing employees, customers, vendors, and finances. In the middle of all that, a 401(k) plan can feel like just one more administrative burden competing for attention. The problem is that ERISA d...
I can’t tell you how many times I hear this from plan sponsors: “The plan is fine. No one’s complaining.” Silence is not a fiduciary audit. Participants rarely complain about fees they don’t understand, investment lineups they didn’t choose,...
Nobody brags about changing the oil in their car. It’s not exciting. It doesn’t generate applau...
I like bagels as much as the next person. But breakfast meetings do not equal fiduciary protection....
Many employers view their 401(k) plan primarily as a tax deduction. The company makes contributions...
One of the biggest misconceptions plan sponsors have is that their 401(k) plan runs itself. Many em...
Benchmarking is often treated as a formality, something sponsors do to check a box. That mindset ov...
Most plan committee meetings last an hour or more, but only a small portion of that time actually r...
Most plan sponsors mean well. They want employees to retire comfortably. They hire professionals. T...
When participation is low or complaints start to surface, plan sponsors often assume the issue is m...
