Running a law firm is demanding. Between managing clients, associates, and firm operations, your firm’s retirement plan probably isn’t top of mind. But here’s the catch: ignoring your firm’s 401(k) plan can carry hidden risks that impact your bottom line, your compliance standing, and even your ability to attract top talent.
Why This Matters for Law Firms
Compliance risks: ERISA and IRS rules are constantly evolving. Even minor missteps can trigger audits, fines, or worse.
Financial impact: Some firms may overpay for their plan each year due to opaque plan fees or revenue sharing.
Talent advantage: Your associates and partners expect competitive benefits. A weak plan could quietly drive top talent elsewhere.
Leadership signal: A well-run retirement plan reflects directly on the strength and foresight of firm leadership.
Get a sample 401(k) Scorecard in 60-seconds and learn:
· A preview of our objective benchmarking, comparing six key metrics to industry peers.
· Insights to reduce risk, control costs, and improve recruiting power.
· Quick tips to help maximize the value of the retirement plan.
· An easy path to obtain your firm’s custom 401(k) Scorecard.
Complete the form to get your sample 401(k) Scorecard. Want deeper insights into your company’s plan? You’ll get a quick, easy way to request your custom version after download.
Investing in securities involves the risk of loss. This content is intended for use by employers considering or sponsoring retirement plans and is not intended for personal use by plan participants. Fisher\SMB pays a fee to have its content appear on this website. Fisher Retirement Solutions®, Fisher\SMBTM, FisherSMBTM, and all related logos and designs are trademarks of Fisher Retirement Solutions, LLC, which is not connected to Fisher Investments. ©2025 Fisher Retirement Solutions
