How do financial professionals defeat a lumbering foethat lacks the depth to move with agility in the ever-changingenvironment that is the 401(k) universe? “Float like a butterfly,sting like a bee.” (Photo: Shutterstock)
Until such time as an unambiguously open 401(k) MEP becomes the corporate retirementplan standard, plan sponsors will continue to need to educatethemselves on the art and maintenance of their firm’s 401(k) plan.There are plenty of tried and true methods they use to exploreself-education (see “This is How 401k Plan Sponsors Get EducationAnswers to These Three F-Words,” FiduciaryNews.com, July 30,2019).
If you disassemble the route plan sponsors take towards education, you’ll discover a significantsimilarity. As you might expect, many of them rely on their serviceproviders to offer the needed teaching materials – both for theirown edification as well as for the needs of their employees.
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