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The Importance of Benchmarking Your 401(k) Plan (Video)

  • Post category:401(k)

By Christopher Price, CFP®, RICP®, ChFC®, C(K)P®

There are a number of challenges in running a business today. You have to create a great service or product, make sure your marketing and sales are effective, and keep the business operations running smoothly. It’s a lot. To be really effective, it’s wise to consider delegating some things you aren’t an expert at. 

One thing I help business owners with is benchmarking your 401(k) so you and your employees are being served well while getting all the benefits associated with your plan. If you aren’t too familiar with what that is, or why that’s important, I’d like to take a few minutes and break it down for you.

About Chris

Christopher Price is a financial advisor and investment advisor representative at Coastal Wealth, a full-service financial planning firm dedicated to going the extra mile to serve its clients with excellence. With over 10 years of experience, Christopher works with high-net-worth and business owner clients, using an educational approach to guide them through the opportunities and challenges they face so they can pursue their goals with confidence. Christopher is known for building long-lasting relationships with his clients and for providing a safe environment for clients to ask questions, receive honest and understandable answers, and become empowered to make the appropriate financial decisions for their lives. Christopher graduated from Susquehanna University with a bachelor’s degree, double majoring in finance and entrepreneurship. He also holds the CERTIFIED FINANCIAL PLANNER™, Retirement Income Certified Professional® (RICP®), and Chartered Financial Consultant® (ChFC®) professional designations. Christopher’s passion for education has led to him partnering with his community to provide workshops on a variety of financial topics that are designed to help financial literacy and confidence. He also founded a not-for-profit organization called Invest in Knowledge, where he and his team coach the community and local organizations through their financial journeys.

When he’s not working, you can find Christopher exploring his many interests and pursuing his extensive goals, including studying for his pilot’s license, traveling, playing baseball or golf, enjoying the ocean outside his front door, or taking his dog, Ranger, to the dog park. He also loves to donate his time and money to local charities and causes he cares about. To learn more about Christopher, connect with him on LinkedIn.

**The views and opinions expressed are those of Christopher Price. Christopher Price’s views are not necessarily those of MML Investors Services LLC or its affiliates. Christopher Price is a registered representative of and offers securities and investment advisory services through MML Investors Services, LLC. Member SIPC 1000 Corporate Drive, Fort Lauderdale, FL, 33334. (954) 625-1351  CRN202512-3230197