Welcome to the Alliant Best Practices Series for 401(k) Plan Sponsors, in which we offer 10 best-practice essentials for helping plan participants achieve retirement plan success. Here’s the second best practice in our series.
“We don't expect people to fly their own airplanes or take out their kids' appendixes, and yet we expect them to manage their retirement portfolios. In my careers I've done all three, and investing is by far the hardest.”
— William J. Bernstein, PhD, MD
Author, The Four Pillars of Investing
Welcome to the Alliant Best Practices Series for 401(k) Plan Sponsors, in which we offer 10 best-practice essentials for addressing the three critical goals that define retirement plan success for you and your plan participants.
- Achieving financial security in retirement
- Reducing potential personal liability for plan sponsor fiduciaries
- Streamlining plan administration
These goals are simple enough to articulate, but in today's retirement plan landscape, they can be easier said than done. By providing 10 best practices and addressing each in turn, we'll help you take on the challenge one manageable step at a time. Let's begin at the beginning.