Shotgun compliance, fiduciary naivete, and free markets trump high fees.
Until communication education becomes generally accepted and standardized, it may be safer to rely on an Annual Education Program rather than an Education Policy Statement.
“The ultimate goal of a 401k plan is to maximize the participants’ retirement readiness.”
With the advent of the 401k plan, we added two more gears, changing our savings vehicle from a ’72 Pinto to a ’68 Mustang.
Did 401k Plan Sponsors, Service Providers and even Industry Regulators underestimate the potential of these issues last year?