Plan sponsors are constantly inundated by articles and plan providers talking about issues dealing with administrative costs, fiduciary responsibility, and general compliance, that there is one topic that plan sponsors usually drop the ball on. It’s the enrollment and plan education meetings that they either don’t hold or put absolutely no effort into. The enrollment/education meetings are an important part of limiting a plan sponsor’s liability when 401(k) investments are directed by plan participants. This article is about why and how plan sponsors need to inject life into plan enrollment/education meetings.
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