Managing Your 401(k) Plan: A Day in the Life of a Healthy 401(k)
1 hour 5 minutes
Understand the complexities involved in maintaining a 401(k) plan for your employees and what role your service providers play.
Ensure all parties are fulfilling their obligations under ERISA and that your organization’s 401(k) program is running smoothly. Are you overwhelmed by the complexities involved in maintaining a 401(k) plan for your employees and confused as to what role your service providers play and wondering why at certain times, it feels like your 401(k) plan is taking over your life? This course will help you understand what role you, your organization, and the plan’s third-party service providers play in the maintenance of a 401(k) plan. The information also provides guidance through discussion of best practices to enable you to improve your management of your 401(k) plan and its third-party service providers. This topic is critical for employers so they can ensure that all parties are fulfilling their obligations under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. It will also give you tips to use so that you can plan for the regular, ongoing duties you must fulfill to ensure your organization’s 401(k) runs smoothly and serves the goals of your organization.
• You will be able to identify your role and fulfill your obligations.
• You will be able to define who are the plan fiduciaries and what that means.
• You will be able to describe how your plan should operate.
• You will be able to recognize the constant attention your plan and service providers need.