For the past 40 or so years, 401(k) plans have practically never changed. Retirement savings and 401(k) plans have also remained passive since their inception. Participants set their rate and watch it grow over time. With introspection and planning, retirement can be an exciting chapter in someone's life. Employers can reward hard-working employees by offering the best retirement plan.

Today, emerging tech platforms and stock accessibility are driving a more active investment style. In 2022, my hope is that retirement readiness becomes more inclusive and approachable through technology such as automation, and that more small businesses make it a priority to invest in their employees through affordable 401(k) plans. Although modern technology can produce faster results, the human component behind automation should also remain a priority in delivering efficient technology.