There is a difference between throwbacks vs. vintage clothing. A throwback is a sports uniform styled to resemble the uniforms that a team wore in the past. Vintage clothing are actual clothing garments from another era. I wear throwback jerseys from Mitchell & Ness and I just think wearing the actual old uniforms that a former player wore is kind of icky since I never wore hand me downs as a kids (I was the only boy in the family). Regardless of whether it’s throwback or vintage, a 401(k) plan with archaic provisions and features isn’t something to revere, it’s something to abhor since the plan sponsor could potentially be on the hook for liability or have a plan that isn’t used to its fullest potential to help plan participants. So this article is about 401(k) provisions and features that make a plan look like a disco and a disco today isn’t something that is in style.
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