Employers need to know that it is their legal obligation to make sure your 401k plan is set up for your “sole” benefit. Among other things, this means eliminating excessive fees and poor performing funds. Your employer is also obligated by the Department of Labor to benchmark you plan regularly.
This brief video will empower you and help your employer see the benefit in considering a switch!
You Can Make A Difference
3 Questions to Ask Your Employer
ONE:
Do we have access to low cost index funds?
TWO:
Has our plan recently been "benchmarked" against other options as is regularly required by the Department of Labor?
THREE:
Can our company take advantage of a complimentary fee comparison/benchmark from AB401k?