Fourward Thinking: Your 401(k) Game Plan
By Nick Hemsted
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.
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.
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.
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: This blog contains general information that may not be suitable for everyone. The information contained herein should not be construed as personalized investment advice. There is no guarantee that the views and opinions expressed in this blog will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Legacy Financial Group does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Past performance is no guarantee of future results.
Mutual funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds. The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
