Timing is everything in life. When plan providers were trying to push Crypto in 401(k) plans, it took months for them to come to the market and the market crashed. I had Bitcoin at $69k.
The IRS announced that the amendment deadline for most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally has been extended.
When I worked for third-party administrators (TPAs), nothing hurt prospecting more than a down stock market. Common sense would dictate that this might be the best time to prospect plan.
When I used to write the annual article that Paychex and ADP were lousy third-party administrators, I would get a nasty retort from people who worked there. It’s not personal, it’s.