Fifteen years into my solo practice, you’d think I’d be desensitized to the absurdities of the 401(k) world. But no. Every time I think I’ve seen it all, a plan sponsor, or more accurately, the people advising them, reminds me that logic is a luxury and absurdity is the norm. The 401(k) industry, for all its good intentions, is a Frankenstein of regulatory patchwork, financial conflicts, and blind spots big enough to drive an 18-wheeler full of plan errors through. If you’re a plan sponsor and think you’ve got it all figured out, I’m here to ruin your day, constructively. Let’s talk about the most ridiculous things about 401(k) plans that most sponsors have no clue about.
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