Businesses that sponsor a 401k must stay on top of things скачать в хорошем качестве

Businesses that sponsor a 401k must stay on top of things

If your business sponsors a 401(k) plan, year end is the perfect time to make sure you’re on top of your fiduciary responsibilities and administrative processes. A well-run plan should never be regarded as “plug-and-play.” To avoid legal troubles and uphold participants’ confidence, regularly reevaluate investment selection and management, fee structure (including total plan cost), third-party administrator performance, and ERISA compliance. Periodic internal audits can help catch inconsistencies, misunderstandings and wrongdoings before they turn into costly plan failures. Contact us for help identifying costs and fees, spotting potential compliance gaps, and tightening internal controls.