There are many ways that a retirement plan sponsor can improve their 401(k) plan, but there are so many reasons why they don’t. They complain they don’t have the time and they don’t have the money. As plan fiduciaries, they need to have the time to minimize their potential liability. As far as cost, there are many ways for a plan sponsor to improve their plan at very little or no cost. This article is about how a plan sponsor can fix their 401(k) on a shoestring budget.