When You Have To Tailor Your 401(k) Plan

Ary Rosenbaum
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When it comes to clothes, you can buy a suit or a dress off the rack to wear or you can tailor a suit or dress to fit you. Having tailored clothing allows the clothing to perfectly fit your shape because our shapes are different. When it comes to 401(k) plans, most plan sponsors forget to realize that a 401(k) plan should be perfectly tailored to fit your needs and those needs change from time to time especially from the time when you set up the plan initially. This article is all about how you need to make sure that the 401(k) plan is tailored to your needs as a plan sponsor and employer.

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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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