As an employer and a plan sponsor, you’re the folks that employees will go ask questions. With a troubling stock market and an economy that might. be close to recession, your employee/participant may ask you what they should do with their 401(k) deferrals and investments.
While you’d love them to stay the course or explain the benefits of dollar cost averaging, don’t. You’ve hired a financial advisor to do that. Stick to what you know and unless you’re an advisor, don’t give investment education and advice.