16 Questions Every 401(k) Sponsor Should Be Asking
This White Paper outlines 16 questions that every sponsor (i.e. business owner & 401(k) trustee) should be asking in order to mitigate the liability that he or she has by serving as a fidicuary of their company's plans.
Over the past couple of years, 401(k) participants have learned just how vulnerable their retirement savings are. Over the next few years, 401(k) sponsors (i.e. companies providing a 401(k) plan) will unfortunately come to learn just how vulnerable they are in serving as the sole fidicuary of their plan. This White Paper outlines 16 questions that every sponsor (i.e. business owner & 401(k) trustee) should be asking in order to mitigate the liability that he or she has by serving as a fidicuary of their company's plans.
The four goals of this White Paper are:
- Identify ways to enhance your company’s 401(k) so that participants, which probably includes you, will achieve a higher return on their investments leading to a more secure retirement.
- Learn how to protect yourself and your company from lawsuits stemming from breach of fiduciary responsibility.
- Learn ways to reduce the cost of the 401(k) plan to your company or the plan participants (the employees).
- Learn how to make your company’s 401(k) plan better and therefore a more attractive component of the employee benefit package.
