10 ways to improve 401(k)s in 2017

In the ongoing competition for talent, firms are buffing up their benefits packages in 2017. Retirement adviser Bob Lawson shares 10 changes that innovative employers are making to improve the attractiveness of their 401(k) plans in the coming year.

Many mutual fund companies offer or are originating R6 or similar share classes of the investment funds they offer for retirement plans (hence the “R”). These share classes normally provide no revenue sharing and are therefore cheaper than any other share classes offered. They also typically have no minimum plan investment requirements. If your client’s 401(k) plan does not use all R6 or similar share classes now (i.e.; share classes paying no 12b-1 or sub-TA fees), make sure you convert to them in 2017.