The root of these broader fiduciary concerns lies within the domain of compliance. Everything derives from what the regulators require, what any DOL audit might look at, and what might pique the interest of class-action attorneys.
Tag "Dennis Shirshikov"
![What Professional Fiduciary’s Really Think Are 401k Plan Sponsors’ Biggest Challenge](https://fiduciarynews.com/wp-content/uploads/2023/05/man-vs-machine-pexels-pavel-danilyuk-8438918-660x395-1-scaled-505x306_c.jpg)
![Should 401k Plan Sponsors Teach Employees How To Create Post-Retirement Side Hustles?](https://fiduciarynews.com/wp-content/uploads/2023/03/side-hustle-garrhet-sampson-CmF_5GYc6c0-unsplash-660x395-1-scaled-505x306_c.jpg)
Retirement plan sponsors may also benefit from teaching entrepreneurial skills to their employees. Such lessons could also provide employees with opportunities to begin to practice what they learned directly for their current employer.
![How 20-Year-Olds Invested Over The Generations Reveals Key Fiduciary Tips For 401k Plan Sponsors](https://fiduciarynews.com/wp-content/uploads/2023/01/generations-brett-jordan-hDKNnsZP-as-unsplash-660x395-1-scaled-505x306_c.jpg)
It might suit 401k plan sponsors and fiduciaries to tell this story of the generations to help the next generation avoid the mistakes of past generations. This tale provides many good tips about the dangers of investing in extremes, be they too conservative or too aggressive.