401(k) in a word cloud Business owners might try these 5 ideas to improve their company’s retirement plans. (Photo: Shutterstock)

“Set it and forget it” might be the approach that many participants prefer to take when it comes to their retirement plan account, but for employers such an approach can be extremely limiting – or even detrimental.

As with most components of a successful business, staying up-to-date on new developments as a means of remaining competitive – in this case, attracting and retaining employees – can make a huge difference.

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