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A substantial barrier makes it hard for a 401(k) MEP to achieve success -- and the SECURE Act did not remove that barrier.
If the millennium's first decade taught us anything, sometimes you're safer when you aren't passive.
What plan sponsors can learn from David Copperfield – the magician, not the novel by Dickens.
For plan sponsors, there's a danger in placing speed ahead of accuracy.
A pinch of this, a dash of that, it takes the right hands to craft an IPS that does its job.
It's easy to get lost in the weeds, and that's a big risk when it comes to a 401(k) investment policy statement.
An investment policy statement needs to protect the interests of plan participants. It also needs to protect the plan sponsor.
With the SECURE Act, there's a very good chance the MEP will become the standard 401(k) solution for all but the largest businesses.
How can you get up to speed quickly on MEPs? Let's break it down into 3 primary components.
It's not required, but it's a great way to nudge plan sponsors in the right direction of better understanding.