The Mission Impossible Of Being A 401(k) Plan Sponsor

Ary Rosenbaum
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When I was a kid in Brooklyn, our area wasn’t wired for cable television until I was 17. So being reduced to around 7 UHF channels, there were times when there wasn’t much to watch on television. Late Saturday afternoons, Channel 5 (now a Fox channel) used to show reruns of Mission Impossible. As a kid, other than the self-detonating message, the show bored the heck out of me. The film series that Tom Cruise started in 1996 that continues to this day with the sixth film that bowed out this summer stands on its own. However, for some reason, Mission Impossible and the Impossible Mission Force remind me of the responsibilities that you have as a 401(k) plan sponsor. This article will not self-detonate in 5 seconds.

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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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