I have seen so much organization dysfunction in my life and it probably dates back to some of the organizations I was a part of, as a college student at Stony Brook. When you’re 18 to 22, you don’t have the maturity to handle different personalities. All the dysfunction at Stony Brook, law firms, and synagogues have allowed me to finally master committees and the people who serve on them.
People are individuals and need to be managed individually. There are those who want to do well. There are those who don’t. Some just want the title. Regardless, they all have to be managed in their way. You need to understand how each member sits on the committee and how they act. Understanding personalities will go a long way in managing them to effectively manage their 401(k) plan.
