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Auto Enroll Processing: Top 10 Mistakes 401k Plan Sponsors Make – Mistake #8

Auto Enroll Processing – Top 10 Mistakes 401k Plan Sponsors Make: Mistake #9. Continuing our countdown on the 10 biggest mistakes 401k plan sponsors make, ERISA attorney Jewell Lim Esposito from Fisher Broyles reviews how auto enrollment can cause real problems and result in financial issues if not done right.

While some rightfully view auto enrollment as a sure-fire way to boost participation, it’s not right for all plans and unless there’s a strong process, the repercussions are significant. Hear from noted legal expert Esposito how to avoid the issues along with best practices when instituting auto-enrollment, a must watch primer for a 401k or 403b plan sponsors using or considering using this feature.

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Plan Design Strategy Makes  Impact

Plan Design Strategy Makes Impact Plan Design strategy needs to be well thought-out to reap results. 401k plan fiduciaries and trustees need to be certain that the retirement plan is periodically reviewed and compared with industry practices, services and fees. ...