Forget everything you've ever read on a Department of Labor website. It all boils down to this: 401k plan sponsors have only one real worry–their employees.
Look at all those class-action law suits. They wouldn't exist if not for employees. Without employees, enterprising trial attorneys would have nothing to base a case on.
If employees are the 401k plan sponsor's one worry, then it makes sense for corporate benefits officers to fully alert themselves as to the things that employees say they want and what they say they don't want. (For a hint to some specifics based on a recent Cerulli survey, read "These 7 Employee Concerns can Befuddle a 401k Plan Sponsor/Fiduciary," FiduciaryNews.com July 7, 2015.)
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
