Fourward Thinking: Your 401(k) Game Plan
By Nick Hemsted
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.
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.
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.
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: 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.
