Not only does the typical plan sponsor not have investing in employee education as a high priority, but they also likely don’t have the wherewithal to monitor the consistency of how the provider runs the education program.
Education
![Top Issues (And Their Solutions) 401k Plan Sponsors Have With Education Providers](https://fiduciarynews.com/wp-content/uploads/2022/09/businessman-looking-at-wooden-blocks-with-magnifying-glass-1660567-660x395-1-scaled-505x306_c.jpg)
![Top Issues (And Their Solutions) 401k Plan Sponsors Have With Payroll Processors](https://fiduciarynews.com/wp-content/uploads/2022/08/closeup-of-gears-and-cogs-clockwork-3099512-660x395-1-scaled-505x306_c.jpg)
How do you solve, for example, the problem of integration between the payroll software and the 401k recordkeeper’s website?
![5 Uncommon 401k Plan Sponsor Mistakes That Shouldn’t Ever Happen](https://fiduciarynews.com/wp-content/uploads/2022/08/four-leaved-clover-1-1310138-660x395-1-scaled-505x306_c.jpg)
A few years ago, this might have been classified as a common “mistake.” Again, “mistake” is in quotes because this is less an issue for certain plans (usually small firms or particular industries) than others.
![Common 401k Plan Sponsor Mistakes That Are Easy To Fix](https://fiduciarynews.com/wp-content/uploads/2022/08/baldwin-fix-it-shop-2031727-660x395-1-scaled-505x306_c.jpg)
But this rookie mistake doesn’t bypass veteran plan sponsors. If they’ve grown too complacent with their plan, they may wake up one day to find out they’ve got a dinosaur on their hands.
![How Can 401k Plan Sponsors Help Retired Employees Fight Inflation – And Should They?](https://fiduciarynews.com/wp-content/uploads/2022/07/guantes-de-box-1641346-660x395-1-scaled-505x306_c.jpg)
Retirees should think for themselves and what alternatives they have regarding their retirement assets. These aren’t the same as they were when they were working.
![How 401k Plan Sponsors Can Best Help Employees Think About And Define What A ‘Comfortable’ Retirement Means](https://fiduciarynews.com/wp-content/uploads/2022/07/puppy-1340078-660x395-1-505x306_c.jpg)
As with many things, hands-on instruction is generally the best way to achieve this, especially if you make it into an engaging workshop that’s all about the employee and the employee’s dreams, not about the plan.
![How Should Pre-Retirees Define ‘Comfortable’ Retirement?](https://fiduciarynews.com/wp-content/uploads/2022/07/hammock-in-the-bahamas-1457037-660x395-1-505x306_c.jpg)
Those who work with retirees and people saving for retirement often have the best perspective when it comes to guidance pertaining to what is comfortable and what is not. It begins with a very simple definition.
![What Are 401k Plan Sponsors Talking About Right Now?](https://fiduciarynews.com/wp-content/uploads/2022/06/orejas-varias-1439442-660x395-1-scaled-505x306_c.jpg)
Just as these changes come bearing down, so, too, does a need for greater hand holding. Pressures within the provider industry, however, appear to be reducing the number of available hands.