I’ve been around the 401(k) plan business for almost 22 years. I started before online 401(k) investments were a thing and you could only change investments by phone or by paper. That means I’ve also been there when September 11th and the housing bubble (both in the same decade) led to disastrous financial returns that hurt the 401(k) industry and plan participants. The coronavirus outbreak (COVID-19) is starting to become another financial challenge for all of us in the 401(k) industry and all of us with a 401(k) balance. As a 401(k) plan sponsor, the bad news might be worrying you and this article is all about why you shouldn’t panic and what you should be considering if the markets remain volatile.
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