Participant Insights: Misperceptions About 401(k) Plans Abound
Participant Insights: Misperceptions About 401(k) Plans Abound Two of the most prevalent misunderstandings that keep workers from signing up—that it is too complicated, and that retirement is too far off to care—can be stamped out through automatic features, advisers say. Retirement plan sponsors have to conquer a great number of fiduciary and plan design basics when setting up a plan, but they might not think about the many misconceptions that participants have about retirement plans and retirement saving—which could be an imp...
Source: planadviser.com