Thinking About Making Changes to Your 401(K)?

Have you thought about making changes to your 401(k) program? As a plan sponsor, you may be thinking about the following issues:¹

• Should our plan offer our employees more investment choices?
• How can we make the plan more user-friendly?
• Is automatic enrollment a good idea?
• Is there a cheaper plan out there that might be just as good?
• Are we satisfying the 404(c) employee education requirements?
• Are we truly meeting our fiduciary responsibility?
• What steps could we take to try and reduce liability?
• How does our 401(k) stack up against others in terms of fund quality, costs, and fees?
• Is there a way we can monitor and evaluate investment performance?

Our team can help you evaluate your current plan — or search for a new one — so please reach out if you want to take a closer look at your options as a 401(k) plan sponsor.

In understanding your company’s goals, objectives and workforce, we can help you fine-tune your current 401(k) plan or identify a replacement from a quality vendor at a competitive price.

¹Once you reach age 73, you must begin taking required minimum distributions from your 401(k) or other defined-contribution plans in most circumstances. Withdrawals from your 401(k) or other defined-contribution plans taxes as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.