Four 401(k) Plan Administration Best Practices

Paul FennerEmployer Sponsored

Light Bulb Moment

The cornerstone of effective plan administration is the plan document, which stipulates how Fiduciaries will handle the administrative features of the plan. All Qualified retirement plans must satisfy complex coverage and nondiscrimination testing requirements to qualify for the special tax treatment afforded to these plans under the Internal Revenue Code. In addition, most plans that permit employee elective deferrals must … Read More