Fourward Thinking: Your 401(k) Game Plan
By Nick Hemsted
Fourward Thinking is about breaking things down into four manageable steps. Each set of tips is designed to help you approach your 401(k) decisions with clarity.
1. Design your plan like a product.
What behaviors do you want to drive? What experience do you want employees to have? A plan that works for people is a plan people use.
2. You can’t fix what you don’t measure.
Participation, deferral rates, match take-up, and leakage are all metrics that matter. Review them quarterly. Success is more than just having a plan—it’s about results.
3. Your 401(k) can support retention—but only if people see its value.
Highlight it in onboarding, performance reviews, and leadership meetings. Make it part of your narrative. A benefit unrecognized is a benefit unused.
4. You spend real money on your 401(k). Treat it like any other major investment.
Fees, fund performance, and plan usage are all measurable. You’d audit any other six-figure budget—why not your benefits? ROI matters here, too.
Planning doesn’t have to be about control.
It can be about freedom.
We work with people who want more intention - not more to-do lists.
Disclosures: The material presented by Nick Hemsted is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Actual economic or market events may turn out differently than as presented. Nick Hemsted is a Financial Advisor with Legacy Financial Group. Advisory services are provided by Legacy Financial Group, a registered investment advisor with the Securities and Exchange Commission. Materials posted to this site are from external sources and are provided for your convenience in locating related information and services. Legacy expressly disclaims any responsibility for and does not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.
