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Commentary

401K Day

Six Common Mistakes to Avoid for 401(k) Success

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As an Accredited Investment Fiduciary Analyst, Keel Point’s Director of Corporate Services, Scott Copeland, has advised 401(k) plans for more than 15 years. Working with Sponsors, Investment Committees, participants, and their families provides Scott a unique perspective.  For National 401(k) Day, he’s shared his take on the common mistakes that can sabotage a participant’s success.  Six Common Mistakes to Avoid for 401(k) Success 1. Don’t be vague or general This is the classic “I need to save for retirement” statement. It’s typically followed with “one day”.   Successful participants are more concrete in their goals.  Someone with an attitude like “I’m going to…

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