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Christopher Carosa, CTFA, is chief contributing   editor for FiduciaryNews.com, a leading  provider  of essential news and information, blunt commentary   and practical examples for ERISA/401(k) fiduciaries,  individual trustees and professional fiduciaries.

Are you familiar with the concept of anchoring and how it produces bad behavior in 401(k) plans? Here’s the idea: People get stuck on the first thing they see. You’ve no doubt heard “first impressions are lasting impressions.” That’s anchoring.

Christopher Carosa

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