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. A successful 401(k) starts with intention, not automation.
Auto-enroll, auto-escalate, default funds—these are powerful, but only when designed well. Don’t assume “set it and forget it” gets results. Build a plan that’s actively aligned with your employees’ needs.
2. If you’re a business owner, you’re also a fiduciary.
That means legal responsibility—not just good intentions. Take your role seriously: monitor fees, document decisions, and follow your plan. Your employees are counting on you.
3. Running a 401(k) well is like running a business well.
You need structure, accountability, and follow-through. Too many plans get set up and left to drift. Review it like any other key function.
4. Business owners need to remember this: you’re a participant too.
A strong plan is good for your team and great for your own tax-efficient wealth building. Why settle for a plan that underperforms when you’re invested in it too? Design it like you mean it.
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.
