Don't Miss

How to Monitor 401k Plan Vendors: a Confusing Task

How to Monitor 401k Plan Vendors

How to monitor 401k plan vendors has grown to become a very confusing task for many plan fiduciaries.  At the conclusion of a Plan Sponsor University (TPSU) Fiduciary Education Program held at Fordham University, TPSU Founder and CEO, Fred Barstein spoke with Director of Human Resources, Maggie.  She is currently responsible for monitoring the 401k plan at her New York City-based advertising agency.  Maggie expressed some concern over the way plan recordkeepers and a plan sponsor’s payroll processor communicate. Maggie’s experience has been that payroll processors and recordkeepers fail to communicate as they can and should. These communication inefficiencies force plan sponsors to spend additional time coordinating employee communications and plan operations.  Watch this video interview to learn what a plan sponsor’s next steps might be to address the plan sponsor’s communication and operational needs.

x

Check Also

Retirement Plan Leakage

Retirement Plan Leakage a Constant Concern for Plan Sponsors

Retirement Plan Leakage a Constant Concern Retirement Plan Leakage is a constant concern for plan sponsors and industry professionals.  When 403b plan and 401k plan participants make withdrawals from their tax-qualified plans prior to reaching their retirement age, the plan ...