I’m a big boxing fan and one of my favorite fights of all time is when George Foreman regained the heavyweight title at age 45 by knocking out Michael Moorer in the 10th round. Jim Lampley who was announcing for HBO and worked with Foreman on so many broadcasts, was in shock when he proclaimed: “it happened, it happened.” Having been an ERISA for 22 years, I have thought I’d seen it all until I see something again that I’m shocked by. Here are some examples of some strange things that can happen and have happened to other 401(k) plan sponsors as a warning to you.
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