401(k) plans are like automobiles, if they are not maintained properly, they will not run efficiently and will be costly to repair. This article lists some ways a plan sponsor can rev-up their 401(k) plan for low or no cost. These are simple solutions that can help increase participation, increase plan assets, improve employee morale, lower plan administration cost, and help limit liability.
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Published In:
Labor & Employment Law Updates, Tax Law Updates
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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