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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
