Everhart Advisors "401(k) Today: Leveraging ChatGPT in Retirement Plan Management"

 

In May's issue of 401(k) Today

Dear Prudence: What is Prudence Anyway?

 

When it comes to monitoring and selecting investments, the responsibility lies with the ERISA fiduciary for managing your company’s 401(k) plan, and this means the fiduciary is subject to ERISA’s prudent man rule.

 

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Leveraging ChatGPT in Retirement Plan Management

 

Plan sponsors can harness the immense power and utility of ChatGPT to provide better support to plan participants, but they must do so only after putting prudent processes and safeguards in place.

 

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Is Your Retirement Plan "Catchy?"

 

By offering — and encouraging — catch-up contributions, plan sponsors can demonstrate a heightened commitment to employee retirement readiness.

 

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Forward the Communication Corner to your employees

Communication Corner: The Advantage of Saving Early

 

The early bird really could get the worm! In our chart you will find no secret tips or tricks to investing that cite prior market events: just plain old math.

 

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You can also access a copy of both communication pieces in your Fiduciary Briefcase.

 

If you have questions or seek assistance, please call us at 614-717-9705 or email [email protected]. If your employees need help they can call us at 844-GOT-401K (468-4015) or email [email protected].