401k Service Providers Drive Plan Success
401k service providers are critical to the success of a 401k retirement plan. During a Fiduciary Education Program at Fordham University Fred Barstein, Founder of The Plan Sponsor University (TPSU), interviewed Diana Reinhardt who as Human Resources Manager who has responsibility for overseeing payroll and benefits at her company. She is also responsible for the company 401k Plan. Ms. Reinhardt periodically takes a strategic look at the 401k plan design to be sure that the document is functioning as intended. Since she oversees the 401k plan service providers and the company payroll, she understands the required interaction.
