Senior counsel Andrew Williams offers a cautionary anecdote about the mismanagement of employee 401(k) investment plans and the liability that could potentially fall on employers and plan administrators who do not have fiduciary liability insurance.

Planning ahead is an essential part of life. But what can that look like for your business and retirement? For some, it's a succession plan. For others, an Employee Stock Ownership Plan (ESOP) might be a better option. Andrew Williams demonstrates why an ESOP could work better for you and how it can keep your legacy around.