Buck Hartzell

Like the plan sponsor is the company that's sponsoring your plan.

And if they know that's your kind of goal, then they'll do some different things and give you some different incentives to kind of minimize those costs to the company.

But usually that also doesn't maximize the benefits to the participant.

We're getting into inside baseball a little bit here.

Ask informed questions politely.

But I would say the first thing is really to find out, which seems silly, but you need to find out who's in charge.

And what I mean by that, most people's face of the 401k plan is an HR representative.

But they might not actually be in charge at all, right, of the investment choices.

We have HR people that take care of a lot of the things that we need to do within the plan.

But at The Motley Fool, we have a 401K committee, which is a broader committee that provides oversight of it.

And then we have an investment committee, which I'm part of and you're a part of as well.

This determines what investments we have within our plan.

So there's two groups there.

And so I'd say, first of all, just find out who's in charge of

Ask to see, they have an investment policy statement.

Is it a committee within the company that's doing this?

Or did they decide to outsource the fiduciary obligations?

Many companies go, you know what?

We just don't have the expertise in-house to do this.

We'll pay a little bit more and have a third party do this because we don't want the risk of anybody suing us down the road.