Is it time to review your 401(k) plan?
Abstract: Plan sponsors have a fiduciary responsibility to ensure that their qualified plan complies with all current employee benefits laws and regulations. In addition, they must make certain that the plan functions within the plan’s current provisions. One of the most effective ways to do this is for plan sponsors to review the plan annually. This article highlights 10 compliance areas from the IRS 401(k) plan checklist that every sponsor should consider.