When was the last time you or your clients took a hard look at your 401(k) plans?If you're like many small and midsized business owners, chances are that you haven't spent much time reviewing the plan since the day it was set up three, five and perhaps even 10 years ago. Most employers implement a plan and simply assume that even years later it will continue to do what is best for themselves, their company and their employees.
Unfortunately, making this assumption can be a serious mistake. As a result of such lack of attention, you and your clients may be doing a disservice to your employees, and even opening yourself up to potential problems - even litigation.
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