These Small Things That 401(k) Plan Sponsors Shouldn’t Neglect

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

When it comes to certain Jewish holidays, I am more observant with some more than others. One of my favorite holidays is Passover, where I don’t eat leavened items from five species of grain (wheat, barley, and three similar grains) for 8 days. One of the dumb rules out there for Jews of Europe (Ashkenazic, which I’m unfortunately part of it), is we also don’t eat Kitniyot, which includes rice, corn, sunflower seeds, sesame seeds, beans, peas, and lentils. While the definition of Kitniyot in Hebrew is legumes, it encompasses “these little things.” When it comes to 401(k) plan sponsors, little things can cost employers a lot of grief on an Internal Revenue Service or Department of Labor audit. This article is about little things that plan sponsors should focus on.

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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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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on:

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