E53: Top 5 Pitfalls to Avoid in Your 401(k) Plan Management
Thu Jun 12 2025
In this episode of 401k Cowboys, we dive into one of the most overlooked — but critically important — aspects of managing a company retirement plan: oversight and accountability.
Do you know if your plan has a 3(21) or 3(38) fiduciary advisor? 🤔Do you know who is paying the plan fees — your company or the participants?Have you checked if your record keeper, TPA, or administrator is charging a fair and competitive rate?
If you can’t confidently answer these questions, it might be time to sharpen your pencil — before the Department of Labor does it for you. 📝⚖️
👉 Learn how plan fees are often adjusted👉 Why transparency with service providers matters👉 How to protect your employees — and your business — from compliance risks
Don’t wait until someone knocks on your door. Watch now to understand what questions you should be asking today.
#401kCowboys #401kPlans #FiduciaryResponsibility #RetirementPlanOversight #PlanFees #DepartmentOfLabor #FinancialWellness #SmallBusinessFinance #TPA #RecordKeeping
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit the3wins.substack.com
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In this episode of 401k Cowboys, we dive into one of the most overlooked — but critically important — aspects of managing a company retirement plan: oversight and accountability. Do you know if your plan has a 3(21) or 3(38) fiduciary advisor? 🤔Do you know who is paying the plan fees — your company or the participants?Have you checked if your record keeper, TPA, or administrator is charging a fair and competitive rate? If you can’t confidently answer these questions, it might be time to sharpen your pencil — before the Department of Labor does it for you. 📝⚖️ 👉 Learn how plan fees are often adjusted👉 Why transparency with service providers matters👉 How to protect your employees — and your business — from compliance risks Don’t wait until someone knocks on your door. Watch now to understand what questions you should be asking today. #401kCowboys #401kPlans #FiduciaryResponsibility #RetirementPlanOversight #PlanFees #DepartmentOfLabor #FinancialWellness #SmallBusinessFinance #TPA #RecordKeeping This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit the3wins.substack.com