Things They Never Tell You as a 401(k) Plan Sponsor

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When my wife and I bought our house, there were quite a few things that the previous owner forgot to tell us such as the fact they never bothered to pull the pipes from the dental office run by a previous owner 20 years earlier or all the bad carpentry work that the husband was a complete failure at doing it himself. When it comes to you sponsoring a 401(k) plan, there is no set of instructions given to you on how to properly operate one. So this article is about the things they never tell a plan sponsor in operating a 401(k) plan.

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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.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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