The 1970s were known as a decade of disaster movies. They were a really popular genre thanks to the classics Airport, The Poseidon Adventure and The Towering Inferno. It was a money-making genre until producer Irwin Allen ran it into the ground with The Swarm, Beyond The Poseidon Adventure, and When Time Ran Out (where I ended up rooting for the volcano, it was so bad). The movies were great because it had a lot of drama, cheesy special effects, and it was a great payday for some well-known actors of the day (Gene Hackman, Charlton Heston, William Holden, and Steve McQueen. As a plan sponsor, your 401(k) plan can turn into a disaster movie except there is no script and no cheesy special effects, just you getting into trouble as a plan sponsor and plan fiduciary.
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