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. Hiring a 401(k) provider doesn’t remove your responsibility.
You can delegate—but not abdicate—fiduciary duty. You’re still responsible for monitoring their performance and fees. Choose wisely, review regularly.
2. Not all plan advisors are fiduciaries.
Some work for you. Some work for themselves. Know who’s sitting at your table—and who they’re really serving.
3. Don’t wait until your CPA flags a problem.
Running a great 401(k) means staying ahead of errors, not reacting to them. Invest in proactive plan reviews, compliance audits, and education. A strong plan starts with strong stewardship.
4. Just because your plan is small doesn’t mean you’re invisible.
The Department of Labor doesn’t care how many employees you have. If you have a plan, you have fiduciary obligations. Don’t let size lull you into inaction.
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.
