Avoid problems with your 401k with sage advice from the Oracle – Ary Rosenbaum: http://www.jdsupra.com/legalnews/the-hidden-dangers-for-the-401k-plan-s-26704/
Mr. Employer, follow these effective guidelines:
- Offer your employees investment education so they can understand the right investments based on their risk profile, age and financial situation. Not only does this increase participation, but also helps you avoid lawsuits.
- Hiring a bad financial advisor is worse than hiring no advisor. A good advisor should help you manage the fiduciary landscape.
- Understand all the plan fees. This includes hidden fees.
For clear, easy to understand articles on all 401k concepts, check out Ary’s site: http://www.jdsupra.com/profile/Ary_Rosenbaum_docs/