Does Your 401k Plan Need Refreshing? – 401KTV

Does Your 401k Plan Need a Refreshing? Most participants in a 401k or 403b plan spend less than 90 seconds selecting their investments with little thought and less guidance. Worse, very few make changes as they get older or circumstances change. How can plan sponsors help?

NFP advisor and TPSU lecturer Kim Pruitt explains how some plans are re-enrolling their employees into their default of QDIA investment option which is most commonly a target date strategy.

Is it safe? How many participants opt out? How often should plan sponsors refresh their plan? Watch the video from expert advisor Kim Pruitt to learn more.

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