Tips for administering your company’s 401(k) plan

Description

Abstract: Offering a 401(k) plan can help a company recruit and retain quality employees, but it requires adherence to stringent rules and maintenance requirements. Effective administration involves a team of professionals from inside and outside the company. As this article explains, they’re responsible for ensuring that the plan doesn’t discriminate in favor of highly compensated employees and for knowing whether and when to make plan changes.