Great 401(k) Participant Features That Can Cause You Headaches

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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A 401(k) plan is one of the great employee benefits. Within a 401(k) Plan, some options are truly beneficial to plan participants when it comes to increasing retirement savings or allowing access for a participant’s benefit. The problem with these options is that if you and/or your plan provider keep your eye off the ball, then there may be a compliance headache coming your way. The road to hell is paved with good intentions and certainly when 401(k) plan features that benefit employees cause compliance grief.

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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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