401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
As a plan sponsor, have you ever wondered how long you should maintain various plan records? Are you running out of storage space for your existing records? When it comes to 401k record retention and document storage, remember that your number one goal should be to have materials preserved in a format that allows for quick [...]
A Department of Labor 401k audit can be triggered by an employee complaint or even information you’ve submitted in your retirement plan’s annual Form 5500 filing. Often times a Department of Labor (DOL) audit is a random event, which is why you should always be prepared! Listed below are several key items typically requested in an initial letter [...]
As a plan sponsor and fiduciary of your company’s retirement plan, keeping an up-to-date fiduciary file is critical. To begin, we recommend preparing your file in four key sections; contents of each section could include the following: Documents:Plan Document, IRS Determination Letter, Summary Plan Description, Investment Policy Statement, 404(c) Policy Statement and Notice, Form 5500s; [...]
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