Focus: The Ultimate Plan Sponsor Checklist
- Do you have copies of all the plan documents and records?
- Are you properly insured as a plan sponsor?
- Do you timely distribute required documents, notices and educational retirement fund materials to your employees?
- Are you depositing 401(k) deferrals and loan repayments by the required deadlines?
- Are you enrolling and covering the right employees?
- Are you monitoring the plan’s fees?
- Do you have an investment policy statement (IPS)?
- When was the last time you reviewed your employee retirement plan to see if it still fits your current needs?
By Robbie Petrillo