Until such time as an unambiguously open 401(k) MEP becomes the corporate retirement plan standard, plan sponsors will continue to need to educate themselves on the art and maintenance of their firm’s 401(k) plan. There are plenty of tried and true methods they use to explore self-education (see “This is How 401k Plan Sponsors Get Education Answers to These Three F-Words,” FiduciaryNews.com, July 30, 2019).
If you disassemble the route plan sponsors take towards education, you’ll discover a significant similarity. As you might expect, many of them rely on their service providers to offer the needed teaching materials – both for their own edification as well as for the needs of their employees.
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