We're in the final stretch of the year, and that means it's that time when business executives reflect back on the past twelve months. Those responsible for the company's 401(k) plan may find themselves feeling anxious. (Photo: Shutterstock)
They say a bull market climbs a wall of worry. That might lead one to the conclusion that, contrary to popular belief, worrying is actually a good thing. In fact, if you're a plan sponsor, worrying is not only a good thing, it's a proactive method for keeping yourself out of trouble.
We're in the final stretch of the year, and that means it's that time when business executives reflect back on the past twelve months. Those responsible for the company's 401(k) plan may find themselves feeling anxious (see “7 Concerns on the Forefront of 401k Plan Sponsors' Minds Right Now,” FiduciaryNews.com, November 27, 2018). And that's not a bad thing. Here's why.
Most plan sponsors don't think “401(k),” “ERISA,” or “Retirement” on a 24/7 basis. Rather, their 24/7 world consists of production efficiencies, sales quotas, and profit margins.
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