Sponsoring and operating a 401(k) plan isn’t easy. A plan sponsor can’t just set up their plan and forget about it. They need to constantly be on the watch because of the liability exposure they have as a plan sponsor. When plan sponsors are told about their duties in operating the plan, they zone out. So here is a breakdown of what plan sponsors need to know in order to curb their potential liability as a 401(k) plan sponsor. They can minimize their liability by just follow- ing these 8 easy steps.