Posts Tagged: 401k

When companies choose to offer 401(k) or defined benefit plans, they generally do so to safeguard their teams and key personnel during retirement. They’re a great and adaptable safety net and a strategic choice for your business. But not all of us are fiduciaries, or even financially savvy, and between running your business and everything…

Proper 401(k) plan administration is vital for both employers and employees, ensuring that retirement savings are protected and maximized. Plan administration extends beyond compliance; it directly affects the financial future of your employees. Accurate record-keeping is essential and inaccurate records can lead to discrepancies in employee accounts, creating mistrust and dissatisfaction. Furthermore, neglecting fiduciary duties…