As recessions become an inevitable part of the economic cycle, the responsibility of ERISA fiduciaries and 401k plan sponsors is clear. For plan sponsors, the answer lies in a proactive, hands-on approach. It’s about continuously reviewing plan design, investing in technology, and fostering a culture of financial literacy among participants.
Tag "engagement"
Here’s quick read with a surprise reveal. Can you find it?
It turns out there’s a downside to 401k participant engagement. Who knew?
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3 Reasons 401k Plan Sponsors are Smiling
As the year approaches its conclusion, it’s a good time to reflect on the good that we have seen in the 401k world. In doing so, we can see plan sponsors have reason to smile.