Good Housekeeping Tips Every 401(k) Plan Sponsor Should Follow

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Good housekeeping isn’t just about keeping your house clean, it’s about keeping everything in order. When it comes to being a 401(k) plan sponsor, good housekeeping isn’t about dusting and putting baking soda in the refrigerator. Good housekeeping for a 401(k) plan sponsor is about doing the small stuff that every plan sponsor needs to do but forgets. For a 401(k) plan sponsor, good housekeeping is about exercising fiduciary responsibility in a prudent manner and minimizing potential liability. This article can give you some tips to avoid liability headaches later.

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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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