Good Bets by a 401(k) Plan Sponsor to Avoid Liability

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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I don’t gamble because I don’t like to lose and that’s a big problem about gambling because people do lose. I stopped playing Powerball and Mega Millions. The last time I ever bet on a sport was betting a friend $10 on the Riddick Bowe-Michael Dokes fight because putting money on Bowe was as close to a sure thing way back then. When it comes to a 401(k) plan, there are no sure things. However, there are bets that a plan sponsor can place that will have great odds in having the plan be in good shape and away from liability. So this article is about betting that a 401(k) plan will be fine by making good decisions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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